Home Purchase Plan Eligibility
Owning a home shouldn’t depend on ticking perfect boxes. At StrideUp, we look at people, not just paperwork. Every application is reviewed by our team, so your story and circumstances are always part of the picture.
The easiest way to see where you stand is by completing a Decision in Principle (DIP). It’s free, quick and won’t affect your credit score.
Important information
These criteria are a helpful overview but not exhaustive. Your eligibility depends on several factors including your income, credit history, property type and deposit amount. We review every application with care to make sure it’s affordable, sustainable and aligned with our values.
Personal eligibility
- You’re 18 or older when you apply.
- The plan finishes before all applicant’s 75th birthday.
- You’ve lived in the UK for at least two years, or you’re applying with someone who has.
- Up to four people can apply together, as long as at least one will live in the property.
- If you’re married, both partners usually apply together, but we do consider sole applications.
- We accept 100% gifted deposits from family or friends. The person gifting the deposit must confirm it’s a gift, not a loan. We will ask you to complete a gifted declaration form and undertake verification checks as part of the process.
- We consider a wide range of income types, including PAYE, second jobs, self-employed (from one year) and contractors.
- Certain benefit income can be included when assessing affordability, such as child benefit, disability or carers allowance, and tax credits.
- We take a practical approach to credit history; past arrears may not automatically mean a ‘no’.
Finance requirements
- Minimum finance requirement: £50,000
- Maximum finance up to £1.5m
- Minimum deposit:
- 10% for standard houses / flats
- 15% for new build houses
- 20% for new build flats
Subject to status and criteria
These requirements are subject to StrideUp’s current criteria and may change over time.
Property requirements
- Properties must be in England
- Minimum property value: £85,000
- Leasehold properties must have at least 85 years remaining
- The property must be your main home
- We’re happy for you to work from home or have a small home office, as long as the property’s main use remains residential
We don’t currently accept:
- Freehold flats
- Homes with serious structural issues
- Large high-rise ex-local-authority blocks
- Right to Buy, Right to Acquire, and Shared Ownership
Think you might be eligible?
Start your path to homeownership and see what you could finance.
