StrideUp Cuts HMO and MUFB Rates with Enhanced Broker Proc Fee
40 pts · Notable·The Fintech Times·3w ago · Oct 1, 06:00 UTC·1 min read
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StrideUp, a Shariah-compliant lender, has reduced rates for House in Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) Buy-to-Let cases, implementing a new procuration fee structure for intermediaries. The lender is now offering up to 0.80% in procuration fees until 31 August 2026, incentivizing brokers to engage with these products.
Key takeaways
- ▸StrideUp offers up to 0.80% procuration fee for HMO and MUFB cases.
- ▸The new fee structure is available until 31 August 2026.
- ▸The reduction in rates aims to strengthen relationships with intermediaries.
Why this matters
This move could help StrideUp gain a competitive edge in the Buy-to-Let market by encouraging more brokers to promote their Shariah-compliant products. Enhanced broker fees may lead to increased deal flow, benefiting both StrideUp and the intermediaries involved.
Entities
Companies: StrideUp
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