The collaborative finance solution helping you raise your property deposit on average 45% faster
*Your capital is at higher risk than on deposit
“It's probability, I wanted to give myself the best chance of getting on the property ladder sooner. Thanks to StepLadder I was able to start house hunting a whole year earlier!”
Received his £12,000 deposit in January 2018
“StepLadder really helps with the discipline of saving money for your first home, and I really like the community feel!”
CEO of Uown, StepLadder Member
Received his £12,000 deposit in March 2018
"The idea that we could win any month really inspired us to keep saving! Our Circle host Matt was always available to answer any questions and provided us with advice all the way through our home buying journey!"
Luciano & Danylo
Received their £5,000 deposit in April 2018
“StepLadder is a truly innovative way to help first time buyers save for that all important deposit. StepLadder’s genius and well thought out savings circles will hopefully keep first time buyers motivated in their savings plan and make homeownership a reality – and much sooner. Well done StepLadder!”
Editor, First Time Buyer Magazine
How does it work?
We match you with other members based on your deposit target. Each month, everyone in the groups pays in the same set amount of money, and one member is awarded the total. This happens each month until every member is awarded the total.
Let’s look at a simplified illustrative example using members of the StepLadder team:
- Six of us each start saving in January. We all want a £600 deposit and can save £100 a month.
- Saving on our own it would take six months for us each to get our full deposit amount.
- By joining a StepLadder circle, paying in £100 a month, each month one of us would be selected, at random, to receive the full £600 deposit.
- As you can see, by working together 5 out of 6 of us would have received our property deposit faster than saving alone…
Joining a StepLadder circle works whether you need £5,000, £50,000 or more.
Why not give yourself a 90% chance of getting your deposit faster?
How did we come up with this idea?
There used to be community in banking here. We used to know our savings went into financing our neighbours – that’s how credit unions and building societies formed. For a generation now, that seems to have been lost in the mainstream. We can bring it back together.
Our collaborative solution has been used around the world for centuries. The academic name for our product is a ROSCA (a Rotating Savings and Credit Association). For hundreds of years local communities have come together in this way to help each other reach their savings goals faster.
Huge in Asia, Africa and Latin America each local community has its own name for this collaborative banking model. Just take a look at how many communities use ROSCAs!
Our current circles
Take a look at the some of the circles currently running and see which circle might be for you.
£500 per month x 10 months
Launched February 2018
£1000 per month x 12 months
Launched December 2017
Meet the Team
Californian Anglophile, Collaborative Finance Evangelist, Finance Hacker
Digital Acrobat, Information Alchemist, Professional Amateur Ballerina
Product Primo, Partnership Connector, Finance Padawan
Problem Solver, Humanitarian, Home Ownership Advocate
Investor in relations, Sports Enthusiast, First Time Buyer Supporter
Relentless Rationalist, Multilingual Bookworm, Shameless Politico
First Time Buyer Cheerleader, Partnership Connector, Strategic Blonde
Analytical Marketer, First Time Buyer, Out of Box Thinker
Data Geek, Technophile, Newbie Homeowner
Creative, Forward Looking, Rapport Architect