StrideUp has announced that it has been added to TMA’s lender panel.
From today, TMA member firms will have access to StrideUp’s products designed to help people onto the property ladder, which consist of two, five and 10 year fixed rate products, combined with a flexible underwriting approach and specialist criteria.
StrideUp’s proposition is centered around flexibility, particularly for aspirational homeowners, including enhanced affordability, family-supported applications, visa, and self-employed applicants. The product is constructed as a Home Purchase Plan – an inclusive form of home finance that certified Shariah-compliant customers can purchase or refinance a home with a Home Purchase Plan (HPP) structure.
Intermediaries who have FCA HPP permissions, can advise and submit business directly to StrideUp. Intermediaries who are not HPP authorised, the customer can be referred to StrideUp who will provide the advice to the customer.
Guy Batchelor, chief distribution officer at StrideUp, 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 their member firms will be interested in our proposition, which offers real solutions to first-time buyers.”
Lisa Martin (pictured), development director at TMA Club, 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 their customers with a range of solutions to meet their needs.”