"Launchpad allows us to give a Decision in Principle for brokers as well as being able to track their cases going forward."
Home finance provider, StrideUp, has rolled out its broker portal - Launchpad - to allow intermediaries to get their clients to completion quicker and easier.
StrideUp’s shared ownership model aims to support first-time buyers onto the property ladder through enhanced affordability and flexible criteria.
StrideUp’s model is similar to a first-charge with a top-up equity sharing loan that allows customers to effectively access up to six and a half times income subject to criteria.
Since launching its intermediary channel in October 2022, StrideUp says it has seen growing interest from brokers for the enhanced loan-to-income and LTV possible through its Home Purchase Plans.
StrideUp offers two, five and 10-year fixed rate products as well as a two-year discounted tracker for both purchase and refinance.
The StrideUp Intermediary Launchpad allows brokers to easily submit their clients’ details, track case progress in real-time, and upload relevant documents.
StrideUp Launchpad will be available to existing StrideUp brokers as well as intermediaries who register via its intermediary page.
Launchpad’s roll out comes off the back of a number of partnership announcements in 2023 including deals with Connect for Intermediaries and Finova.
Jon Sturgess, head of intermediary sales, said: “Speed of service is so important not only for intermediaries but for consumers as well, especially when they are getting onto the property ladder for the first time. Launchpad allows us to give a Decision in Principle for brokers as well as being able to track their cases going forward. With our market leading application to offer of only 13 days we believe that this enhances our proposition even further along with our ability to flex on criteria and also affordability.”
