Are you ready to finally own your own home?
Work together and raise your 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 take an example of 6 people who all need to save a £6,000 deposit , and all start saving £1,000 a month in January .
- Saving alone they would all take 6 months and have their full deposits in June.
- Or they could join a StepLadder circle, pay in the £1,000 a month and each month one of them would be selected, at random, to receive the full £6,000 deposit.
- By lending and borrowing from each other in this way 5/6 get there faster.
- We offer a range of monthly amounts from £500 per month ranging 10 months to 50 months depending on your budget and the deposit you need to raise
*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
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