Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Safety: Somo’s underlying loans are secured over property at a loan to value of your choosing (unless you are in auto-invest). Somo holds the mortgages and charges over the property as Security for the loans in a Trust on behalf of you as beneficiaries. Should Somo stop trading or become insolvent, then the Trust Assets (being the Security and money in your e-wallet are ring fenced from Somo insolvency. The liquidator or administrator would be obliged to recognise the trust arrangements and use the Securities in trust and money in your e-wallet to return capital and interest to the relevant Lenders pro rata to your loan (and not apply these assets towards Somo’s creditors generally).

Warning: All of your capital and uncredited interest is at risk. Past performance is not a reliable indicator of future results. There are many risks involved in lending and you should seek independent financial advice if you are not sure about the risks. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Your loan and interest repayment may take longer than you expect. A capital loss is recognised after all reasonable avenues of loan recovery have been exhausted. Property values may go up or down. You may be able to sell your loan back to the firm, provided that there are other willing lenders to take your place. You should not rely on the ability to re-sell the loan and you may have to sell it at a discount if you need liquidity quickly. Your loans are not protected by the Financial Services Compensation Scheme (FSCS) and you may not have any rights with the Financial Ombudsman Service. Please read more information of our Risks here.

T: 0161 312 56 56

E: borrowers@somo.co.uk

E: investors@somo.co.uk

Manchester Office:
Adamson House, Towers Business Park, Didsbury, M20 2YY
T: 0161 312 56 56