StrideUp Review: Shariah-Compliant Home Financing in the UK
StrideUp offers interest-free, flexible home financing for first-time buyers and those seeking ethical alternatives. With lower deposits and predictable costs, homeownership is now more accessible and transparent.
StrideUp offers interest-free, flexible home financing for first-time buyers and those seeking ethical alternatives. With lower deposits and predictable costs, homeownership is now more accessible and transparent.
StrideUp offers a Shariah-compliant, interest-free alternative to traditional mortgages, making homeownership more accessible, flexible, and transparent. Here’s why it stands out:
✔ Shariah-Compliant & Interest-Free – Unlike traditional mortgages, StrideUp follows a Shariah-compliant home financing model, meaning there are no interest charges (riba), making it an ethical option.
✔ Lower Deposit Requirement – Buyers can secure a home with a lower upfront deposit, making homeownership more accessible—especially for first-time buyers.
✔ Fair & Predictable Costs – With interest-free home financing, repayments remain clear and transparent, avoiding unpredictable rate hikes.
✔ Flexible Ownership (Staircasing Available) – Start with a share and increase ownership over time, allowing buyers to fully own their home at their own pace.
✔ Inclusive & Accessible – Ideal for those who struggle to get a mortgage, including self-employed individuals and those with non-traditional incomes.
❌ Cons of StrideUp Home Purchase Plan
✖ You Don’t Own 100% Immediately – Since this is a part-ownership model, buyers must increase their share over time (staircasing) to fully own the property.
✖ Limited Property Availability – Not all properties qualify for Shariah-compliant home financing, meaning location and housing choices may be more restricted than with a standard mortgage.
✖ Service Charges Still Apply – Like most shared ownership models, there are service charges for maintenance and communal services, which vary by property.
✖ Not Always Cheaper Than a Mortgage – While interest-free home financing eliminates interest payments, buyers may still find that overall costs (including rent on the unowned share) can be similar to or higher than a traditional mortgage in the long run.
FAQ
StrideUp offers an interest-free home financing alternative to traditional mortgages. Unlike conventional loans, which charge interest, StrideUp follows a Shariah-compliant home financing model where you co-own the property with StrideUp and gradually buy more shares over time (staircasing). Instead of paying interest, you pay rent on the portion of the property you don’t own.
This model makes homeownership more accessible, especially for first-time buyers and those looking for an ethical, predictable financing option.
No. While StrideUp follows a Shariah-compliant home financing model, it is open to anyone seeking an interest-free home financing alternative. Many buyers choose StrideUp because they prefer a fairer, more transparent approach to homeownership without the burden of interest-based loans.
StrideUp allows you to purchase a home with a lower deposit than traditional mortgages, typically starting at 10% of the property's value. This makes it a more accessible option for buyers struggling with high deposit requirements from banks.
Staircasing is the process of gradually increasing your share of the property. With StrideUp, you can buy more shares over time, reducing the portion of the property you rent. This gives you the flexibility to work towards full homeownership at your own pace.
If you decide to sell, StrideUp will help you find a buyer or buy back your shares. You can sell your portion at market value, and StrideUp will either sell its share alongside yours or find another buyer who qualifies for the financing.
Check out another tip for an excellent Personal Loan
Recommended Content
Places for People Shared Ownership
Places for People Shared Ownership offers an affordable path to homeownership, letting buyers purchase a share of a property with a low deposit while paying rent on the rest, with the option to increase ownership over time.
Under no circumstance we will require you to pay in order to release any type of product, including credit
cards, loans or any other offer. If this happens, please contact us immediately. Always read the terms and
conditions of the service provider you are reaching out to. We make money from advertising and referrals for
some but not all products displayed in this website. Everything published here is based on quantitative and
qualitative research, and our team strives to be as fair as possible when comparing competing options.
Advertiser Disclosure
We are an independent, objective, advertising-supported content publisher website. In order to support our
ability to provide free content to our users, the recommendations that appear on our site might be from
companies from which we receive affiliate compensation. Such compensation may impact how, where and in which
order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may
also affect how and where products/offers are placed. We do not include all currently available financial or
credit offers in the market in our website.
Editorial Note
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or
other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities
included within the post. That said, the compensation we receive from our affiliate partners does not influence
the recommendations or advice our team of writers provides in our articles or otherwise impact any of the
content on this website. While we work hard to provide accurate and up to date information that we believe our
users will find relevant, we cannot guarantee that any information provided is complete and makes no
representations or warranties in connection thereto, nor to the accuracy or applicability thereof.
