How Do These Changes Affect Broker Earnings?
StrideUp, the UK-based Shariah-compliant home finance provider, announced on 1 August 2026 that it has reduced interest rates across its Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) Buy-to-Let products. The changes come alongside an enhanced procuration fee of up to 0.80% for intermediaries who submit cases directly. The update aims to strengthen broker engagement while maintaining competitive pricing in the specialist rental market.
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What Does This Mean for the Shariah-Compliant Lending Market?
Brokers who submit HMO and MUFB cases directly to StrideUp can now earn up to 0.80% in procuration fees, a notable increase from previous rates. This enhancement is designed to reward intermediaries for their role in sourcing compliant buy-to-let applications and supporting customers through the financing process. StrideUp emphasized that the fee structure remains transparent and applies only to fully documented, eligible submissions received via its broker portal.
The revised pricing and fee structure signal StrideUp’s commitment to remaining competitive in a growing niche market where ethical finance options are increasingly sought after. Industry analysts note that combining lower borrowing costs with stronger broker incentives could improve market access for landlords targeting student and professional shared housing segments. The update may also encourage other Shariah-compliant lenders to review their intermediary compensation models.
What products are affected by the rate changes? The rate reductions apply specifically to StrideUp’s Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) Buy-to-Let ranges, effective from 1 August 2026.
Frequently Asked Questions
Is the enhanced procuration fee available to all brokers? The up to 0.80% fee is available to intermediaries who submit cases directly through StrideUp’s broker channel, subject to standard eligibility and documentation requirements.
Will existing customers benefit from the new rates? The rate adjustments primarily apply to new applications submitted after 1 August 2026; existing customers should consult StrideUp directly for any potential refinancing options.
