StrideUp has expanded the criteria on its Buy-to-Let Purchase Plan (BTLPP) for specialist property types, now accepting Houses in Multiple Occupation (HMOs) with up to 12 bedrooms and Multi-Unit Freehold Blocks (MUFBs) with up to 10 units.
The change doubles StrideUp's previous HMO limit and doubles its MUFB capacity too, opening the product to larger, professionally managed portfolios, a segment where Shariah-compliant buy-to-let finance has been particularly limited.
HMO and MUFB financing remains available at up to 75% FTV, with overall BTLPP financing now available up to £2.5 million per property and £3 million across a portfolio with StrideUp. The product is open to individuals, joint applications of up to four, and UK-registered limited companies. First-time landlords are considered, and there's no minimum income requirement for homeowners and existing landlords.
"Landlords operating larger HMOs and multi-unit blocks have had very few Shariah-compliant routes available to them, and brokers have told us this consistently," said Rizwan Ali, director of sales and marketing at StrideUp.
"Extending our criteria to 12-bedroom HMOs and 10-unit MUFBs means intermediaries can now place cases for professional landlords who were previously locked out of values-aligned finance at this scale. It's a straightforward change with a meaningful impact on who we can serve."
