Launched earlier this March, the offer will see the bridging lender pay up to £2,000 of legal fees if brokers lock in a deal by midnight on Monday, 4th April.
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.
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Jamie Jolly, managing director at SoMo (pictured above), said: “This is proving to be a really successful initiative that could even lead to SoMo’s best ever month.
“We designed the deal to enable brokers to provide borrowers with a motivating and real incentive, and, given the cost of living squeeze, it’s little wonder it’s gone down a storm.
“Feedback has been amazing, with one broker telling us their client has been able to use their legal fees savings to cover a much-needed holiday.
“We’ve committed over £50,000 and expect this to rise significantly in the next week as the initiative is really helping brokers get deals over the line.”
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