Halal Mortgage Calculator for Islamic Home Purchase Plans
Discover how much you could finance for StrideUp’s halal home finance products. Whether you’re buying your first home or investing in property, our calculators give you a clear view of what your finance could look like.
Explore how much you could finance with StrideUp
Discover your potential with StrideUp. Select the product type, choose number of applicants and enter income details to see what’s possible.
Home finance
Buy-to-let
How many applicants?
1
2
3
4
Salary
£
£
£
£
How much is your deposit?
£
What is the property value?
£
With a total income of and your deposit, you could explore a property worth up to . In this scenario, you will need a deposit.
Your finance range
–
This range is an illustration based on a minimum deposit, good credit history and manageable outgoings. Subject to status and criteria.
Finance-to-value
83.3%
Deposit
Deposit gap
Financing
This shows how your deposit and finance could work together to cover your home’s value.
The minimum deposit is %. The deposit gap is what’s left to save before you reach the minimum deposit required.
The minimum deposit is %. The deposit gap is what’s left to save before you reach the minimum deposit required.
Let’s take another look at your options
Based on the details provided, you don’t currently meet the criteria for this product. Adjust your details to try again, or speak to our team to explore what other options might work for you.
Important information
This is an illustration to give you an estimate and help guide you. It is based on your combined income and our current criteria. The amount you could finance will depend on a full review of your circumstances, including affordability assessments, credit history and other factors. Rates are subject to change.
Rooted in faith.
Our halal finance products are rooted in Islamic principles and built to support every stage of your journey.
Not sure where to start?
Every home journey is different, and we’re here to help you find your next step. Get in touch with our team to ask a question, share your goals, or get guidance on which product fits best.
People also ask…
Answers to the most common questions about StrideUp’s halal finance calculator and how a Home Purchase Plan works.
How your halal mortgage alternative calculator works?
Enter your income and deposit details and the calculator will give you an estimate of how much you could finance through a Home Purchase Plan. It uses StrideUp’s current criteria to generate a representative figure. It’s an illustration only, your actual finance amount will depend on a full affordability assessment, credit history and other factors.
What affects how much you can finance?
The main factors are your income, deposit size and the property value. StrideUp assesses affordability based on your individual circumstances, which can include employed and self-employed income, and joint applications where multiple incomes are considered. A minimum 10% deposit is required. The calculator gives you a starting estimate, a Decision in Principle will give you a more realistic figure, and a full application will give you an actual figure.
How a Home Purchase Plan differs from a conventional mortgage?
A conventional mortgage is a credit agreement where you borrow money and repay it with interest. A Home Purchase Plan is equity-based: StrideUp co-purchases the property with you and your monthly payments are made up of rent on StrideUp’s share and acquisition payments that gradually increase your ownership. There is no interest charged at any stage. The structure is certified as sharia-compliant by an independent advisory firm.
What deposit do I need for a Home Purchase Plan?
A minimum 10% deposit is required, subject to status and criteria. Your deposit becomes your initial equity in the home from day one. You can combine personal savings with a gifted deposit from friend & family, speak to our team or visit our eligibility page for full details on what qualifies.
How accurate is this calculator?
The calculator is designed to give you a reliable starting estimate based on your income and our current criteria. It is not an offer of finance. Your actual figure will depend on a full review of your application, including affordability assessments, credit history, property valuation and other factors. Rates and terms are subject to change.
Are Islamic mortgages more expensive than conventional ones?
Pricing varies and depends on your individual circumstances, just as it does with conventional mortgages. What StrideUp offers is a structure built around co-ownership and rent rather than interest, so the comparison isn’t straightforward. For many customers, the value of financing a home in line with their faith outweighs a difference in rate. The best way to compare is to use our calculator and speak to our team about your specific situation.
How is a halal mortgage calculator different from a normal mortgage calculator?
A standard mortgage calculator estimates monthly repayments based on an interest rate applied to a loan. StrideUp’s calculator works differently: it estimates how much you could finance through a Home Purchase Plan, where there is no interest. Instead, monthly payments reflect rent on StrideUp’s share of the property and the amount you pay to gradually acquire that share. The structure is based on diminishing musharakah and ijarah principles rather than a conventional loan.
