Somo defies market slowdown with record quarter

20 April 2026

Manchester, UK

While much of the market reports smaller loan sizes and slower deal flow, Somo is telling a very different story.

The specialist lender has announced its strongest quarter on record, alongside its biggest ever month for completions with every member of the sales team exceeding their targets and average deal sizes increasing.

The performance marks a major lending milestone for the business, setting the stage for it to double in size by 2028.

At a time when brokers are navigating tighter conditions and more cautious lending environments, Somo’s results point to something simpler: a model built around getting deals done easier, not harder.

Lock-ins - a clear indicator of committed broker business - are up 51% in the last quarter alone, alongside rising repeat activity and increasing deal sizes.

More brokers are turning to Somo when other lenders can’t, or won’t, make a deal work. Sales Director Jade Keval said the results are no coincidence, but the outcome of deliberate work behind the scenes:

“We’ve spent the last year making things simpler, easier, just better all round - and brokers are feeling the difference.

Our core products, standard bridging, second charge and Valuation Only ™, are performing incredibly strongly.

Alongside that, we’ve continued to refine what we already do well, while launching new solutions like our Landlord’s Breathing Space loan.

And we’ve got something genuinely ground-breaking coming very soon, which we’re all really excited about.”

Growing to meet demand

With momentum building, Somo is now actively expanding its Sales and Underwriting teams to keep pace with demand.

But growth isn’t just about numbers, it’s about maintaining the culture that’s driving performance.

From team incentives to trips, socials and celebrations (with Tuscany next on the list), Somo is investing in the people behind the results.

This combination of award-winning products and service and AI powered systems backed by real people,” added Keval, “in a market where things are getting harder, means we’re doubling down on making them easier. And brokers are responding.”