020 3875 3585
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Third Floor, 20 Old Bailey, London, United Kingdom, EC4M 7AN
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England only

Stride Up

StrideUp are a pioneering new provider dedicated to empowering a new generation of homeowners through accessible, inclusive and flexible home finance, offering a residential range up to 85% LTV.

Key Criteria

Paid by PMS

Postcode Restrictions: England only

Proc Fees

Product	Gross	Net
Introduced	0.45%	0.40%
Broker Advised	0.55%	0.50% (HPP Permissions)

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	10 Days following completion.	Weekly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Key Criteria

Affordability

- Up to 6x income multiple
- Up to 100% on non-standard income sources
- 100% of second income
- Zero hours contracts accepted if in place longer than 12 months (and not main income)
- Universal credit, working tax credit & benefits accepted

Eligibility

- No credit scoring used
- Flexibility in respect of resident non-UK citizens on visas
- Finance to age 75 subject to affordability assessment
- No age restriction on joint applicants if income not required for affordability
- Term up to 40 years

Self-Employed and Contractors

- Only one year’s trading required subject to minimum income of £50k
- Net taxable income (from SA302) accepted
- Salary and dividends for company directors
- Day rate contractors assessed on 48 weeks

First-Time Buyers

- Bank of family’ applications: 100% cash-gifted deposits accepted from parents, family & friends.
- Up to 4 applicants and incomes included in affordability assessment.

Why StrideUp?

Post Code Restrictions:

England Only

Register

Register to place business with StrideUp:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Enhanced Affordability

StrideUp accepts a wide range of income sources, providing your customer with greater options for qualification. With the ability to offer up to 6 times income, our affordability provides greater flexibility to help a wide variety of customers achieve a larger property, better location, or higher refinance amount.

Flexible lending

StrideUp do not use credit scoring or automated decisioning. Each application is assessed by an underwriter on its own merit. You can work with us to get a fair answer for your client when high street or specialist lenders fall short.

Excellent personal service

Fast turnaround – delivering an average of 12 days from app to offer. StrideUp provides a designated point of contact for each of your cases, ensuring efficient and seamless progress and keeping you informed about the status of your cases.

Inclusive and ethical structure for all client types

StrideUp’s product is constructed as a Home Purchase Plan (HPP)*. This works for all type of clients, but in particular allows you to help Muslim clients who want Sharia-compliant financing for their home.

The HPP product is regulated under FCA rules (requires separate advice permissions) and:
- If you have FCA HPP advice permissions, you can advise the customer and submit the application directly to StrideUp.
- If you do not have FCA HPP advice permissions, you can refer the customer directly to StrideUp and we will provide the advice.

Regardless of who advises the client, a procuration fee will be paid on completed cases.

* What is a home purchase plan?

A home purchase plan enables customers to purchase or refinance a home with a structure that works for all customers while allowing it to be certified as Shariah compliant. This provides an inclusive option for Muslim clients. In summary, the customer co-purchases the property with StrideUp and enters into a long term rental and buyout with a term from 10—40 years, such that the customer owns the property outright at the end of the term. Customers can make additional payments as and when they want, subject to T&Cs.

Who we can help?

Unusual sources of Income	Foreign nationals on Tier 1 visa	Shariah-compliant buyer	Low Credit Score
Terry and Amber, foster parents with a new baby, faced challenges when trying to purchase a larger home. StrideUp can take up 100% of other income sources into their affordability helped them buy their dream home for their expanding family.	Omar is a Turkish national on a Tier 1 visa earning £45k. His wife Salma is working part-time on £22k a year and they’re looking to buy their first home. StrideUp offered a solution by allowing the visa status where other lenders said no.	After 16 years of flat sharing and renting around London, Ashraf was determined to get on the property ladder, but being from a Muslim background, his options were limited. StrideUp’s HPP product provided an ethical alternative.	Jason & Natalie had lived in a rented property for 10 years but had a very low credit score due to having no personal credit with the credit reference agencies and therefore a very low score. StrideUp looked beyond the credit score and assessed the application on its own merit.

Unusual sources of Income

Foreign nationals on Tier 1 visa

Shariah-compliant buyer

Low Credit Score

Terry and Amber, foster parents with a new baby, faced challenges when trying to purchase a larger home.
StrideUp can take up 100% of other income sources into their affordability helped them buy their dream home for their expanding family.

Omar is a Turkish national on a Tier 1 visa earning £45k. His wife Salma is working part-time on £22k a year and they’re looking to buy their first home.

StrideUp offered a solution by allowing the visa status where other lenders said no.

After 16 years of flat sharing and renting around London, Ashraf was determined to get on the property ladder, but being from a Muslim background, his options were limited.
StrideUp’s HPP product provided an ethical alternative.

Jason & Natalie had lived in a rented property for 10 years but had a very low credit score due to having no personal credit with the credit reference agencies and therefore a very low score.
StrideUp looked beyond the credit score and assessed the application on its own merit.

Recently self-employed	Complex incomes with Locum and contract work	First Time Buyers	Up to 4 income streams used in affordability
Alison recently followed her dream of setting up a business. With just 1 year’s trading history required, StrideUp was able to support her.	Jason has just graduated from medical school and landed a job as a locum whilst doing other contracting work to top up his income. Several lenders would not accept his contracting work but StrideUp worked flexibly for him. Our criteria is flexible for professions that use contracts or multiple contracts alongside employment.	Melanie has been renting for the past 6 years but feels now is the time to get onto the property ladder. With a gifted deposit from both family and friends, Melanie was able to buy her first home. StrideUp accepted a combination of cash savings, gifted equity and gifted deposits from both family and friends.	The Baldwin family were looking to raise a large sum for extensive home improvements but their existing lender couldn’t help due to affordability concerns. StrideUp will accept up to 4 applicants and use all their incomes for affordability calculations which allowed the Baldwin family to extend their property.

Useful Links:

Website Criteria Product Guide

Registration Process

To register with StrideUp, please complete the online registration process here. To ensure the registration is linked to PMS Club please note when keying cases onto the portal, you can pick PMS Club from the drop-down menu to confirm your payment route for each particular case.

StrideUp is the trading name of StrideUp Homes Limited, authorised and regulated by the Financial Conduct Authority (785299) which you can check by visiting the FCA’s website. Registered in England and Wales with company number 10848518. Registered office: Third Floor, 20 Old Bailey, London, United Kingdom, EC4M 7AN.
StrideUp's HPP product has been certified as Shariah-compliant by Amanah Advisors.