Stuck paying high rates? Maybe you're looking for a halal alternative to your current mortgage. Refinance with StrideUp, certified Shariah-compliant and interest free.
The team is the best part of it all. Starting from the first person I spoke with, they satisfied my concerns about Shariah-compliance and what I was buying into. I can’t fault them in terms of their sincerity and their sheer compassion. You can tell that they really care.
Working with Hannah Solicitors, StrideUp is able to offer a faster, cheaper refinance solution (as compared to using your own solicitor). If you are refinancing a freehold property you will have access to this rapid, discounted solution.
Your legal costs for this solution cost only £575 (+VAT) and can be completed in only 3 weeks from Offer, provided no added complexities exist.
To take advantage of this solution you will have to select Hannah Solicitors from StrideUp's Solicitors Panel.
Home Purchase Plans (HPPs), often referred to as Islamic Mortgages or Halal Mortgages, are a Shariah-compliant way to get financing on your home.
With StrideUp's HPP you can refinance your home in line with Islamic finance principles, and without paying any interest.
Whether you have a conventional mortgage, or you already have an Islamic mortgage alternative, you can always apply for a Halal refinance product with StrideUp.
"Amanah Advisors are delighted to provide Shariah governance and Shariah advisory support to StrideUp who have brought something unique to the Islamic home financing market in the UK. Amanah Advisors oversees the Shariah-compliance of the product and undertakes Shariah audit to ensure that the Shariah controls are adhered to and that there is sound Shariah quality assurance."
Mufti Faraz Adam - Head of Shariah Advisory
Yes. StrideUp's Home Purchase Plan has been assessed by Mufti Faraz Adam at Amanah Advisors, an independent Shariah Advisory firm. It is their view that the agreements, product mechanism and product concept conform with the principles of Shariah and is Shariah compliant.
StrideUp's HPP is free of any interest (Riba) and in line with Islamic finance principles.
Whether you already have an HPP, or you are currently using a traditional mortgage, you could qualify for refinancing with StrideUp. It is our goal to help everyone move to a more ethical home finance structure.
Click here to find out whether you qualify for an Islamic refinance product with StrideUp.
Whilst other companies such as Al Rayan and HSBC have stopped offering this service, StrideUp has made a commitment to always offer Islamic home refinancing to individuals looking to make more ethical financial decisions.
First start by submitting a Decision in Principle via the link at the top of this page.
You don't need to provide any documents for this initial stage, but once you're ready to move ahead with advice and a full application, we will need to see some documents to verify your earnings.
Provided you satisfy all of StrideUp's criteria you will be eligible for refinance with StrideUp!
You have already have a mortgage or HPP
You want to abide by Islamic principles
You’re refinancing a home to live in yourself
The property is located in England, and you satisfy status and income criteria
We’ll always do our best to help you along your homeownership journey. Should our products not match your needs, we can stay connected and keep you posted about new products. Either way our advisers are here to help.
If you are looking to purchase a new home with an Islamic Mortgage alternative, click here!
With StrideUp you get a dedicated team member to help you from initial application right through to picking up the keys to your new home. All of our advisers are CeMAP qualified and they’ll take the time to understand what’s really right for you.
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