Somo brings back 90%-off valuation fees offer

Bringing back this offer from last year, the lender expects to exceed the 54% increase in deals seen in 2024.

This promotion follows Somo cutting rate across first- and second-charge product range.

Jade Keval, sales director at Somo (pictured above), commented: “Last year, our 90%-off valuations promotion was a huge hit with brokers, enabling deals closed and giving borrowers substantial savings on a cost they can’t avoid.

“This August, we’re bringing it back, and we’re aiming to go even bigger — with free beers to celebrate our pricing cuts, our proven success, and the exciting summer we’ve had so far here at Somo.

“With up to £3,000 in valuation fees covered, we’re expecting another exceptional response — and we can’t wait to see how it unfolds."