StrideUp has been added to TMA Club’s lender panel, allowing for TMA member firms to access StrideUp products to get people on the property ladder.
The financial provider offers a range of two, five and 10-year fixed rate products, combined with a flexible underwriting approach and specialist criteria.
StrideUp’s proposition offers a range of solutions for aspirational homeowners, including enhanced affordability, family-supported applications, visa and self-employed applicants.
The product is constructed as a home purchase plan (HPP), which is an inclusive form of home finance that certified Shariah-compliant customers can purchase or refinance a home using a HPP structure.
Intermediaries who have HPP permissions from the Financial Conduct Authority (FCA) can advise and submit business directly to StrideUp.
For those that are not HPP authorised, the customer can be referred to StrideUp, who will provide advice to the customer.
Chief distribution officer at StrideUp, Guy Batchelor, said: “Today’s mortgage market fails to cater for the next generation of homeowners and so innovative solutions are required. StrideUp’s mission is to provide flexible home finance solutions that allow people to successfully get onto the property ladder.
“Our strategy is to partner with leading distribution partners and so it makes perfect sense for us to join TMA’s lender panel. I’m confident that its member firms will be interested in our proposition, which offers real solutions to first-time buyers.”
Development director at TMA Club, Lisa Martin, added: “It is vital that our lending panel meets the growing challenges and needs of customers and so adding a lender, like StrideUp, to our panel, helps our brokers provide more choice and options for those seeking to get onto the housing ladder.
“We will continue to work hard to maintain TMA’s position at the forefront of the intermediary market and provide our brokers and its customers with a range of solutions to meet their needs.”
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