Somo has brought back its Black Friday fee refund promotion for one month, following broker feedback from last year’s campaign.
The offer is running from Tuesday 5 May to midnight on Friday 29 May 2026 and gives brokers and their clients the choice of up to £4,000 refunded on valuation fees or up to £4,000 refunded on lender legal fees.
The refunds are paid on completion.
Somo said the original Black Friday campaign was one of its most successful promotions to date, with the lender committing to pay £302,915 of borrowers’ fees during last year’s offer.
The lender said the May promotion was intended to help brokers reduce costs on bridging cases and maintain momentum on time-sensitive transactions.
SOMO HIGHLIGHTS BRIDGING CRITERIA
As part of the promotion, Somo highlighted its approach to bridging, including lending for any business purpose, decisions in as little as 30 minutes, the use of AVMs and desktop valuations where appropriate, and lending based on open market value rather than time-based valuations.
The lender cited a recent Black Friday case involving a time-sensitive buy-to-let purchase in North West London. The borrower opted for free legals, saving more than £1,300, and secured a £198,750 first charge bridging loan at 75% LTV under Somo Prime.
Somo said the saving helped the borrower complete in time to secure the asset.
Jade Keval (pictured), sales director at Somo, says: “Last year’s Black Friday promotion showed us just how valuable flexibility is for brokers and their clients. Every deal is different so giving people the choice to save where it matters most can be the difference between a deal progressing or falling away.
“Bringing this back for May is about listening to our brokers and doubling down on what works. It’s another example of how we’re always looking for ways to make bridging easier, more accessible and more practical in the real world.”
The promotion is available on eligible deals locked in between 5 May and 29 May 2026, with refunds of up to £4,000 on either valuation or lender legal fees, paid on completion.
