Legal & General Mortgage Club has added Shariah-compliant finance firm StrideUp to its lender panel.
The network says brokers will be able to access StrideUp’s full range of compliant residential products with 10-year fixed-rate deals from 5.99%, and two-year fixed-rate offers from 6.19%, with up to 85% finance-to-value.
The business also caters to non-Muslim borrowers with more complex needs, such as the self-employed, day-rate contractors, or those with 100% gifted deposits.
It can offer borrowers finance-to-income ratios of up to six times, no credit score requirements, 10- to 40-year terms, flexible criteria, and manual underwriting.
Legal & General Mortgage Club director Clare Beardmore says: “StrideUp’s unique approach, particularly within its Shariah-compliant finance solutions, enhances our ability to cater for borrowers with distinct requirements whose needs are often overlooked, allowing them to purchase or refinance their homes.
“Through this partnership, we want to broaden accessibility to mortgage financing, ensuring that all individuals with diverse financial circumstances can find viable pathways to homeownership.”
StrideUp chief executive Sakeeb Zaman adds: “Partnering with Legal & General marks a significant milestone for StrideUp.
“Our addition to their lender panel opens new avenues for us to provide innovative financing solutions to a larger audience.”
