StrideUp, the UK Shariah-compliant home finance provider, has reduced rates across its Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) Buy-to-Let range and introduced a limited-time enhanced procuration fee, as it steps up support for intermediaries placing HMO and MUFB cases.
Effective [date], rates have been reduced across StrideUp's HMO and MUFB products on both 2-year and 5-year fixed rental terms. Alongside the reductions, brokers will earn an enhanced procuration fee of 0.75% on cases submitted directly, or 0.80% via a network or club, on submissions until 31 August 2026. The enhanced fee is available to all FCA-registered broker partners, with or without HPP permissions.
The move follows StrideUp's recent expansion of its specialist criteria, which doubled its HMO limit to 12 bedrooms and its MUFB limit to 10 units, with financing available at up to 75% FTV and up to £2.5 million per property.
Rizwan Ali, Director of Sales & Marketing at StrideUp, said:
"We doubled our HMO and MUFB limits because brokers told us professional landlords had limited shariah-compliant routes at this scale. Cutting rates and enhancing the proc fee at the same time is deliberate, the client gets a lower price from StrideUp and the broker is better rewarded for the work these specialist cases involve. If you've got HMO or MUFB cases in the pipeline, this is a strong window to place them."
