Somo said February was its strongest month on record, with a 16% rise in ‘lock-ins’ compared with its previous best month as broker demand for fast specialist funding remained firm.
The specialist lender said the performance marked its highest monthly sales total since launch and pointed to continued appetite among intermediaries for quick, flexible finance solutions.
The result follows the January launch of Landlord’s Breathing Space, a refinancing product aimed at landlords facing short-term funding pressure. Somo said the product had made an immediate impact, generating 12% of all enquiries within weeks of being introduced.
The lender also said February’s trading was helped by a broker-only promotion for registered Somo brokers and intermediaries, underlining its focus on distribution through the intermediary market.
Somo said the latest figures reflected both established broker relationships and a broader product range, as it looks to build on demand through 2026.
Jade Keval (pictured), sales director at Somo, says: “February was a fantastic month for the team and a clear reflection of the relationships we’ve built with brokers over the years, exceeding all targets and hitting a new PB.
“It’s also been brilliant to see the response to Landlord’s Breathing Space. Launching a new product and seeing it account for so many enquiries within weeks tells us we’ve tapped into a genuine need in the market.”
She added: “At Somo, our focus has always been on making bridging easier for brokers and their clients.
“As we move through 2026, we’re continuing to expand our product portfolio so that whatever the funding challenge, whether it’s bridging, refinancing, or business lending secured against property, brokers know they can come to us and find a “yes”.”
