StrideUp has reduced its rates on both two and five -year fixes by 80bps and 55bps on five year fixes up to 80% finance to value.

Rates are now 6.69% and 7.24% respectively.

The provider has also lifted the cap on its maximum property value, increased its maximum financing size to £1m up to 80% LTV and £750k up to 85% LTV, and can accept Grade II listed properties.

StrideUp has streamlined its documentation process, requiring only three months of bank statements, with six months requested only if they are used for declared expenditures.

The StrideUp suite of residential solutions has been specifically designed to support people from diverse backgrounds with homeownership aspirations.

StrideUp does not base its decisions on credit-scores, meaning that each application is assessed on its own merit and its choice of products consists of two, five and 10-year fixed rate options.

Stride chief executive Sakeeb Zaman comments: “These pricing and criteria changes will make our proposition more accessible to an even greater number of people and help more brokers provide a wider variety of options for those who are underserved by the traditional lenders.”