StrideUp's Iman Home Purchase Plan is for people looking for a Shariah-compliant mortgage alternative. It gives people a fair and accessible way to buy or refinance their home.
Some key points about Home Purchase Plans:
An alternative to a mortgage. A Home Purchase Plan is an alternative to a mortgage that you might get from a bank, however, instead of lending you money, we jointly purchase the property with you and you gradually buy it back from us.
It's a regulated product. Just like a normal mortgage, Home Purchase Plans are regulated products (regulated by the Financial Conduct Authority), meaning you get similar protections and rights.
Flexible and inclusive. Where some banks might give you a 'computer-says-no' answer, all of our cases assessed individually and we take the time to understand your personal circumstances and try our best to find the right product for you.
Certified Shariah-compliant. For Muslims looking for a way to buy that doesn't involve interest (riba), a Home Purchase Plan could be ideal. But regardless of your faith, you can feel comfortable knowing that our products have been assessed by independent advisers to ensure ethical and fair practices.
If you're tired of renting, or just ready for an upgrade, apply now to see what you could afford with StrideUp.
Your home may be repossessed if you do not keep up the payments on your home purchase plan.