SoMo announces limited-time legal fee deal

SoMo has launched a new, limited-time ‘Free Legals’ initiative for brokers.

For intermediaries who lock in a deal between 14th March and 4th April, the specialist lender will pay up to £2,000 of legal fees.

In addition, SoMo Family members will be entered into a prize draw to win for themselves the cost of the legal fees being paid to their borrower.  

Jamie Jolly, managing director at SoMo, said: “As SoMo doesn’t ask for legal fees up front, it’s a win-win situation.  

“If borrowers don’t complete, they’ll never have to put their hands in their pockets for legals and if they do, they’ll get up to £2,000 back – what’s not to love?”

“We work closely with our intermediaries and fully understand the broker–borrower relationship, which is why we’ll continue to provide incentives that get deals over the line.  

“Borrowers won’t only benefit from a brilliant deal, but also our range of innovative products and first-class customer service.”

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