Home purchase plan (HPP) provider StrideUp has been added to the PMS Mortgage Club lending panel.
The move will provide PMS Mortgage Club members with access to StrideUp’s residential product range of flexible HPPs. These plans allow up to 85% LTV and six times income multiples at rates starting from 6.49%.
StrideUp said it is committed to “empowering the next generation of homeowners” through accessible, inclusive, and adaptable home finance solutions.
The group’s home finance solutions have been specifically designed to support people from diverse backgrounds with their homeownership aspirations, especially those left behind by mainstream lenders.
An HPP is an alternative to traditional mortgage financing for individuals, who want to purchase or refinance a home while adhering to religious principles.
Intermediaries who have FCA HPP permissions can advise and submit business directly to StrideUp, however for intermediaries who are not HPP authorised, the customer can be referred to StrideUp who will provide the advice to the customer.
“As a financial provider, we are constantly and carefully evaluating the most effective ways to help potential homeowners looking for a flexible home finance solution but who continue to sit beyond some mainstream lending parameters,” commented StrideUp CEO and co-founder, Sakeeb Zaman.
“PMS Mortgage Club is one of the foremost names in the intermediary market and we are looking forward to working closely with the team to widen access to ethical and Shariah-compliant finance options and provide solutions that could empower a new generation of homeowners.”
Strategic relationships director at PMS Mortgage Club, Stephanie Charman, added: “We are pleased to be partnering with StrideUp at a time when demand for Shariah-compliant products continues to grow in the UK.
“StrideUp’s competitive range of home finance solutions, combined with its flexible underwriting approach and enhanced affordability criteria, makes this another welcome addition to the comprehensive range of options available to PMS members and their clients.”
Latest News
-
House price growth slows to 3% – ONS
-
Inflation remains unchanged at 3.8% in September
-
£8.8bn worth of BTL loans advanced in Q2
-
Quilter reports third successive quarter of £2bn+ inflows
-
IHT receipts total £4.39bn in six months to September
-
Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories