Somo Opiniões 

If you value your mental health, sanity, and livelihood DO NOT approach this company for a loan. I am not even sure they have money to lend. In my opinion, SOMO operate as a con to get you to pay them money upfront, the so called "lock in fee" (am not sure what they are locking in) and then refuse to complete after 6 to 12 months of pretending that they are processing your application. Not only that they will waste your time, but they will also ruin your life. I approached SOMO for a bridging loan for 2 properties sharing a title deed and a third property separately. The first thing they usually do is to issue their unreliable/worthless loan offer and then pressure you to pay them money upfront. The money is nonrefundable as they can refuse to lend any time after they receive payment. They can also change loan terms to unfavourable ones etc after receiving upfront payment from you. In my case after SOMO collecting the upfront payments, they instructed valuation, and I paid them over £4,500. SOMO asked us to arrange insurance, my solicitor's costs and they even asked us to change our company's constitution to fit their requirements which we did. All their requirements were met including changing the plans etc. After almost 6 months and on the day of completion, they decided not to complete the bridging loan and pulled out of the deal. They couldn't fulfil as they promised. They queried the valuation figure provided by a chartered surveyor and backed by the surveyor's insurance. They claimed they conducted an audit of the valuation internally and they refused to accept the figure provided by the charted surveyor despite stating 3 months earlier that the valuation figure was audited, and all is well. What is the point of SOMO instructing a surveyor to value a property if they are not going to accept the valuation figures provided by the surveyor. They haven't got a clue of what they are doing, and communication is terrible. There is no transparency either and everything is in secrecy with SOMO, unlike other peer to peer lender whose listing can be seen, and activities are mostly transparent. Dealing with SOMO is a waste of time and money. SOMO used to be called BridgeCrowd before changing their name for whatever reason. Our lawyer is currently reviewing and working on my case with the view to start a litigation against SOMO as they have basically ruined us. I am also starting a big social media campaign in the next few weeks to attract attention to SOMO's dealings and get together every other borrower SOMO has let down after collecting upfront payment etc from them. We need to spread our honest experience of dealing with SOMO online and on other social media outlet. In my opinion and from experience, SOMO is a dodgy/unreliable company and should be avoided. There are other reliable and property loan companies out there.

If you are in any kind of a hurry to get Bridging arranged, then I cannot recommend SOMO. We used them for a project over the last 12 months and there were issues/delays throughout the process, with a lack of communication and process inefficiencies meaning everything took ages to get through to the next stage. To get anything done, I had to copy in a member of the leadership team for anyone to take notice. Even to get a settlement figure I had to chase and chase. We were enticed by a good rate, however based on experience this was an error on our part, as a lender that is responsive is far more valuable than a slightly cheaper rate, we have learnt our lesson. Such a shame, but I really can't recommend SOMO based on our experience.

I borrowed 170,000 on a second charge basis. The customer service team specially Suzanne Talford were excellent. Redemption was stress free despite us being late 5 days. Arrangement fees and Legal fees were very reasonable. would definitely recommend

I made a number of investments with SOMO. All went well except one. It was the one that had issues that impressed me the most about SOMO. They handled it professionally and diligently to reach a very good outcome. Great job.

The company would not give in to irresponsible borrowers who abused the rules with impunity. They ensured that my investment was safe.

I was aware that when I invested in P2P loans, there might be instances where borrowers would default. I placed my trust in the expertise and reputation of SOMO to conduct the required legal procedures and ensure the repayment of our loans. They successfully accomplished this task and kept me informed throughout the entire process. Thank you, SOMO.

I have had an average return of 10% on my investments over 9 years. At first I chose individual loans to invest in but after a few years I became sufficiently confident to use auto-invest. At one point I tried to spread my investments across other platforms to diversify my risk but all the other platforms were disappointing at best. I now only invest PtoP through SOMO.

You worked so hard to get this loan refunded, and kept me informed all the way. I really appreciate the great efforts you went to,

The reputation of the P2P sector has taken a battering during the seven years I've been investing. Having spread my own investments across six platforms I would now recommend just one, SOMO.
Competent, responsive, transparent, this is a company which genuinely values its investors.

Following an exceptional seven year 'battle' with a borrower who evidently didn't think the laws of England and Wales applied to them, SoMo brought a delinquent loan to a satisfactory conclusion and maintain their excellent record of returning 100% of capital invested.

I have invested with SoMo (formerly BridgeCrowd) since 2017 and by maintaining a spread of loans over that period have benefited from returns well in excess of inflation and still higher than the current rates of interest available in traditional (but infinitely more secure) savings accounts.

Please note that this is not a recommendation. This class of investing is very high risk and should only be considered as part of a diverse investment portfolio.

It is for good reason that SoMo - in line with all similar platforms - clearly states:
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong."

A very honest peer to peer lending platform with risks well explained and an extremely professional team in charge of pursuing default loans

A very well run platform, highly professional. Solid investment results.

When you invest your money you want your interest and capital as planned. That’s my experience with 95% of the loans I invested in with Somo.

The way Somo handled the loans where borrowers did not pay back as planned has been exceptional. They have been tenacious and consistent in recovering monies owed. I recommend them.

Dealing with SoMo means you have contact with a group of dedicated professionals who really know their business.
Majority of loans invested result in interest and capital returned as planned. The odd default loan is dealt with dogged determination by SoMo to ensure their investors receive a satisfactory conclusion.
Updates provided from Simon Cottrell and Louis Alexander are detailed and clear.
Simon is easily contactable and it's always a pleasure to deal with such a friendly, efficient professional.

The People at SOMO have gone over and above what was required of them to reclaim our money against a very difficult borrower who tried every means possible (both legal and illegal) to not repay his loan.

I've been lending on the Somo platform since 2016. My experience is very positive - I have had good returns and only a small percentage of problem loans. Somo's track record in recovering problem loans is exemplary, displaying great tenacity to good effect. Minimum investment is £5K per loan opportunity.

Clear checklists, easy to deal with Underwriters and account managers and greatvservice all round

I have been investing with SoMo for over a year and currently have 77 investments. I have had 65 pay back over the course of the year and have earned a decent chunk of interest along the way. The team are super helpful and appear to be very diligent in making sure that my funds are protected. Not every loan pays back exactly when it should but that is the nature of Peer to Peer lending. I have great confidence in how tenacious SoMo are with overdue borrowers and I take great confidence from their record of zero capital losses over a long period of lending. So far my experience has been all good.

Continuing positive experience & returns over the last 3 years.
Whilst several defaults have occurred during this period SoMo seems adapt at recoveries of Capital + accrued default interest.
No loss of capital nor interest to date which is notable in P2P sector.

Well Somo is unique in what to does for the investors. I have been investing on thier platform for more than 5 years and have had much better returns than the stock markets ..... need i say any more