Somo records strongest month on record as broker demand drives 16% surge

Specialist lender Somo has recorded its strongest month for sales since launch, completing their highest ever number of lock-ins in February, a 16% uplift on its previous record, as broker demand for fast, pragmatic funding solutions continues to grow.

The milestone follows the launch of Landlord’s Breathing Space, Somo’s refinancing product designed to help landlords restructure short-term funding pressures.

Despite launching only in January, the product has already gained strong traction, accounting for 12% of all enquiries within weeks of going live.

February’s performance was also supported by a broker-exclusive promotion available to brokers and intermediaries registered with Somo, reinforcing the lender’s long-standing focus on rewarding its broker community.

Somo’s leadership team says the record month reflects both the strength of its broker relationships and the continued expansion of its product offering.

Jade Keval, Sales Director at Somo, said:

“February was a fantastic month for the team and a clear reflection of the relationships we’ve built with brokers over the years, exceeding all targets and hitting a new PB.

It’s also been brilliant to see the response to Landlord’s Breathing Space. Launching a new product and seeing it account for so many enquiries within weeks tells us we’ve tapped into a genuine need in the market.

At Somo, our focus has always been on making bridging easier for brokers and their clients.

As we move through 2026, we’re continuing to expand our product portfolio so that whatever the funding challenge, whether it’s bridging, refinancing, or business lending secured against property, brokers know they can come to us and find a yes.”

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