StrideUp makes new mortgage products available

The home finance firm StrideUp has announced that it is making a slate of mortgage products available to advisors, with 10, five and two-year fixed rate loans now on the market.

This company was only launched a few months ago, but has managed to forge a close working relationship with ARA Venn, a firm that manages real estate debt investments. It also attracted financing to the tune of £280 million upon its launch.

StrideUp primarily concentrates on three different things: shared ownership mortgages to grow finances, an inclusive and ethical approach to home financing and a tech portal that is designed to make applying for mortgages simpler. Head of its intermediary sales team is Jon Sturgess, who has previously worked for Firstplus Financial, GE Money and Masthaven Bank.

The company is now making its full range of fixed rate deals accessible to mortgage advisors, on behalf of their clients. In addition to them, there will also be a discounted two-year tracker mortgage that has a starting rate of 5.99%. Advisors can make their interest in any of these products known by using the intermediary page on the StrideUp website.

Sturgess told Mortgage Solutions that:

“I’m excited to bring a proposition to market in an area where consumers, especially first-time buyers, are finding it harder and harder to get on the property ladder.”

He added that the ‘Help to Buy’ scheme coming to an end would exacerbate that.

Advisors with CeMAP training will always welcome more mortgage products hitting the market for their clients to choose from.


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