New relationship director joins Somo
Specialist lending firm Somo Bridging has appointed Andrew Marsland as its new relationship director – Wales.
A seasoned lending professional, Andrew has over 22 years’ experience in the financial services industry covering mortgages, underwriting, business development and sales.
Splitting his time between office-based work in Manchester and meeting with broker clients in Wales, Andrew will use his expertise to advise on and sell its bridge lending portfolio, including its market leading Valuation Only and Second Charge products.
Commenting on his appointment, Andrew said: “Joining such an innovative business in a fast-growing industry is really exciting. It’s a totally different way of working for me. We get the freedom to find ways to offer deals that don’t fit the standard lending criteria. This means we can look at each individual situation, talk through the options with brokers and if it’s safe and viable, make an offer.
“Somo is renowned for accepting more challenging cases, based on unique circumstances. And with the kind of loans we deal with, we have to act fast. With Somo’s data, technology and solutions focussed approach, we’re receiving a enquiry and getting a decision back to the Broker within an hour. “
In September, Somo became a patron lender of the National Association of Commercial Finance Brokers (NACFB), the UK’s largest independent trade body for commercial finance brokers.