Somo offers borrowers first month interest-free in May
By Elliot TophamSomo is offering the first month interest-free for clients of brokers who lock in deals — on both serviced and retained loans — throughout the month of May.
Section: Products
The lender attracted a 40% increase in committed business when it ran the same offer last year and is part of a string of initiatives to support brokers.
Jade Keval, sales director at Somo (pictured above), said: “It’s part of an ongoing mission to help brokers get deals through and keep their clients happy, so they keep coming back.
“We saw a lot of up-take when we launched this initiative last year and since then, the cost of living has only got worse.
“Savings like this are likely to be very attractive to borrowers, so we expect to have a busy month that benefits both borrowers and brokers alike.”
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