SoMo launches Black Friday borrower valuation deal
SoMo has launched a Black Friday Weekend sale in which it is giving borrowers a 90 per cent refund on valuation costs over a 24-hour period.
The peer-to-peer property lending platform, which rebranded from The BridgeCrowd at the end of last year, said to qualify, deals must be locked in and paid for before midnight on Sunday 21 November.
SoMo family members get exclusive access from Thursday 18 November.
SoMo said it ran this same Black Friday offer in 2019 which led to one of its busiest days of the year.
Read more: SoMo reports rising profits before pandemic
“The last time we ran our Black Friday Event, our business development managers’ phones were ringing off the hook,” said Jamie Jolly (pictured), managing director of SoMo, who joined the platform in January this year.
“We locked in a record number of deals within the 24-hour window, without compromising the high-quality customer service of SoMo, which is always our priority.
“We want to make sure all our customers are getting the best deals from SoMo and this includes our borrowers. This limited time only deal is to say a big thank you to them.
“We’ve had a very successful year, lending more this year than we ever have in a calendar year, and we want to end 2021 with a bang.”
In September, the Manchester-based lender reported a record first half of the year and opened a London office, as it outlined its plans to expand across the UK.
And in August, SoMo launched a larger loan product, SoMo300k+, which offers finance from £300,000 to £3m up to 75 per cent loan-to-value.