With StrideUp’s Home Purchase Plan, it is not a traditional mortgage with interest charges. Instead, we offer a Shariah-compliant alternative based on the Diminishing Musharakah structure, where you and StrideUp co-own the property, and over time, your ownership share increases.
Key Differences from a Conventional Mortgage:
🏡 Co-ownership model – Instead of lending money, we co-purchase the property with you.
💰 Diminishing Musharakah structure – You pay rent on the portion of the property we own while gradually buying more of our share each month, until you fully own your home.
Similarities to a Traditional Mortgage:
✔ Regulated & secure – StrideUp is authorised and regulated by the Financial Conduct Authority (FCA).
✔ Freedom of choice – You can choose any property on the open market that meets our criteria.
✔ Deposit & monthly payments – You start with a deposit and continue paying monthly until you fully own your home.
✔ Early ownership options – Overpayments are allowed, so you can own your home sooner if you choose.
⚠ Important: Failure to keep up with your Home Purchase Plan payments may lead to repossession of your home.
If you have any questions, feel free to reach out to us at hello@strideup.co or on webchat, we’re happy to help! 😊