It's back! We're offering One Month Interest Free for clients of Brokers who 'lock-in' a deal with us in February 2024.
Our anticipated promotion returns next month (February 2024) and we’re refunding one month of interest for all cases that 'lock-in’ in February 2024! And, this year the savings are even bigger and better as there is no maximum saving, allowing for unprecedented discounts for clients.
As part of the month-long initiative, we’re treating Borrowers to their first month interest free, applicable to both serviced and retained loans; a significant saving that can make a substantial difference in the overall cost of the loan.
To qualify, the lock-in and Valuation fee must be paid between 5th February 2024 and midnight on 29th February 2024. The first month rebate will then be paid on full repayment of the loan.
Members of the wide range of Networks that we are partnered with also have an exclusive four-day early access to claim the offer from 1st February, allowing members to secure the best deals for their clients before the official launch date.
The promotion has proved exceptionally popular with Brokers in the past and resulted in our most successful month in 2023.
Sales Director, Jade Keval, shared her excitement for what’s to come next month: “One Month Interest Free is our most anticipated promotion of the year, and we expect it will perform really well again. Last year we capped the saving at one percent, but this year there is no maximum refund, so we encourage Brokers to fill their boots throughout February and see how much they can save for their Borrowers.”
“Promotions such as these are a way to make bridging simple and attractive to Borrowers and Brokers. We pride ourselves on offering flexible products for any business purpose. As we end January 2024, we continue to ask ‘why make bridging difficult?’ And our promotions are just one of the ways that we’re delivering against that.”
The ‘One Month Interest Free’ promotion is a testament to our commitment to supporting Brokers and their clients. Providing Brokers with incentives for their business while simultaneously benefitting their client.”
As February approaches, we encourage Brokers and Borrowers to take full advantage of this offer and experience the benefits firsthand. With no cap on the savings this year, the potential for financial gain is greater than ever.
Contact Us
If you have a Bridging Enquiry, find out who your local relationship director is here.
Call 0161 312 5656 or email brokers@somo.co.uk.
Categories: Broker News, Borrower News.
