Your monthly payment is made up of two parts:

  1. Rent on our share of the property. On the part of the property that we still own, you will need to pay a monthly rent based on a Rental Rate. The way this Rental Rate is calculated and set will be explained in your offer before you proceed with StrideUp.

  2. Acquisition payments. Every month part of your payment goes towards buying a further slice of the property - this way your ownership percentage is always increasing and StrideUp's is decreasing.

Example Rent Calculation

Let's say you buy a £250,000 property with a £25,000 deposit and £225,000 from StrideUp. This means you initially own 10% of the property and StrideUp own 90%. If your Rental Rate is 4.89% (for example), this would mean paying £225,000 x 4.89% / 12 = £916.88 per month in Rent

Example Acquisition Calculation

We would figure out the amount of monthly Acquisition payments so that by the end of the term, you'll end up owning the Buyout Share percentage of the property (usually 80%).

The monthly amount therefore depends on the term you've chosen - using the same example as above, imagining the term is 30 years, then initially the monthly Acquisition Payment would be £214.58.

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