Since the loan’s launch in January, over 65% of enquiries have come from landlords facing immediate refinancing pressure, while the rest are linked to properties requiring compliance upgrades, refurbishments or arrears support, according to early application data from Somo.

The product, which offers up to 24 months with no monthly payments, was designed for landlords navigating the impact of the Renters’ Rights Act 2025, rising BTL mortgage costs and tightening rental margins.

Somo has also recently commissioned independent research in partnership with Landlord Knowledge aimed at building a detailed picture of landlord sentiment, stresses and investment intentions in the post-reform rental market.

The research questions are available here.

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The findings will be published next month and used to further refine Somo’s product offering.

Jade Keval, sales director at Somo (pictured above), said: “The level of interest has been exceptional and it tells a powerful story about what’s happening in the rental market.

“Landlords aren’t rushing for the exits, they’re looking for time and flexibility while they adjust to reform, refinancing pressure and higher costs.

“Breathing Space gives them exactly that: liquidity without the monthly strain, and the freedom to make strategic decisions rather than distressed ones.”

One recent customer used the Landlord's Breathing Space product for their portfolio of eight BTLs in the North West.

With the mortgage expiring soon, Somo structured a £412,000 facility secured against two properties.

The loan has an 18-month term, with monthly payments of £0 for the full term.

The facility, due to complete in February, gave the borrower immediate liquidity and 18 months without servicing pressure, allowing time to complete upgrades and refinance under stronger conditions.