Somo is a trading style of Social Money Ltd, a company registered in England with registration no. 08054296. Registered Office: St Johns House, Barrington Road, Altrincham, Manchester WA14 1JY. Social Money Ltd is registered with the Office of the Information Commissioner with registration number ZA026178. Social Money Limited is authorised and regulated by the Financial Conduct Authority with Firm Reference Number: 675283 for certain regulatory activities such as credit broking, debt adjusting, debt administration, debt collecting and debt counselling activities and consumer buy to let loans. The Somo business is unregulated for both borrowers and investors.

Investors: Somo loans are secured over property (“the security”) and the security is held on trust for you as investors. The loans that you make are not regulated by The FCA. Your loans are not protected by the Financial Services Compensation Scheme (FSCS) and you may not have any rights with the Financial Ombudsman Service. All of your capital and uncredited interest is at risk. Past performance is not a reliable indicator of future results. There are many risks involved in lending and you should seek independent financial advice if you are not sure about the risks. 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. Your loan interest repayment may take longer than you expect. A capital loss is recognised after all reasonable avenues of loan recovery have been exhausted. Property values may go up or down. You may be able to sell your loan back to the firm, provided that there are other willing lenders to take your place. You should not rely on the ability to re-sell the loan and you may have to sell it at a discount if you need liquidity quickly. If you are unsure about any of the information contained in this website then please read our FAQs and RISKs and T&Cs. Tax treatment of any of the loans will depend on the individual circumstances of each lender and may be subject to change in the future. You are liable for your own tax and may wish to consult with a tax/legal adviser for specific advice. There are no commissions, no fees, no withdrawal fees and no charges.

Borrowers: loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser. The source of information is the audited and management accounts in the preceding Year End. Terms apply.