Welcome to the collaborative finance revolution
Our members work together to raise their property deposit on average 45% faster
Your capital is at higher risk than on deposit
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 example using six members of the StepLadder team:
Tap on a month to see who wins in that month and how they’re paid
Instead we join a StepLadder circle and pay in £1000 a month. Each month one of us is selected, at random, to receive the full £6000 deposit, which we can access to buy our house. By working together 5 out of 6 of us have rasied 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 87% chance of raising your deposit faster?
*Your capital is at higher risk than on deposit
"I came across StepLadder on Facebook and thought it seemed like a great way to make my move onto the property ladder sooner!"
“StepLadder gave me flexibility with my payments when my circumstances changed. The customer service is really personalised, I felt immediately comfortable working through any changes with the Membership team. Would recommend to anyone worried about flexibility.”
“StepLadder really helps with the discipline of saving money for your first home, and I really like the community feel!”
"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!"
“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!”
Think this could be for you?
Want to find out what your mortgage payment could be? The MAS Mortgage Calculator can help you find out.
Click here to use the calculator
Our current circles
£500 per month x 10 months
Launched February 2018
£1000 per month x 12 months
Launched December 2017
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!
Meet the Team
Californian Anglophile, Collaborative Finance Evangelist, Finance Hacker
Digital Acrobat, Information Alchemist, Professional Amateur Ballerina
Problem Solver, Humanitarian, Home Ownership Advocate
Investor in relations, Sports Enthusiast, First Time Buyer Supporter
First Time Buyer Cheerleader, Partnership Connector, Strategic Blonde
Analytical Marketer, First Time Buyer, Out of Box Thinker
International, financial, eclectic
Data Geek, Technophile, Newbie Homeowner