Specialist lender Somo has launched a Landlord’s Breathing Space Loan to help those who face cashflow stress or are caught between high interest rates, increased regulation and tight rental margins.

The short-term, flexible bridging solution gives landlords access to liquidity quickly (from £25,000 to £3 million) with up to 24 months of no monthly payments, regardless of credit status, providing landlords with breathing room when rental income is insufficient or uncertain. All that’s required is a property in the background.

The firm believes landlords, especially those under pressure, managing portfolios, or looking to reposition, need liquidity, flexibility and breathing space to stabilise and plan ahead. This helps them cover arrears, complete necessary maintenance, refurbishments or modernisations, or shore up cashflow.

Pausing

By pausing monthly obligations and providing ready access to cash, the loan helps landlords ride out a period of flux giving them time to rebuild rental income, upgrade properties to meet changing standards, or reset before exit or refinance, says sales director Jade Keval (pictured).

“The loan gives landlords time to adapt to market and regulatory pressures and strengthen the overall position of their portfolio and rebuild credit,” she tells LandlordZONE.

Keval reports that it has seen interest from all types of landlords including those needing quick cashflow support to cover maintenance, clear rental arrears, or stabilise yields.

She adds: “Landlords want time and flexibility not more pressure - and this product is delivering exactly that.”

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