Helping you beat inflation
You could raise your property deposit faster with StepLadder and beat rising house prices. Use our free calculator to find out how much deposit you might need to buy your new home.
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RISK WARNING: Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong.
How much deposit do you need to buy your new home?
Saving money faster means beating inflation to purchase before prices increase more. The average house price in Great Britain has risen above £350,000 for the first time, according to property website Rightmove and, it seems, only set to continue to rise quickly. Use our quick and free calculator to find out how much deposit you will now need to purchase your new home.
A real alternative to ‘free money’
The era of free-money is over.
Steep interest rate rises means borrowing has become unattainable for many, making loans, hire purchase and some ‘buy now pay later’ schemes outdated and unaffordable.
StepLadder, the UK’s first online collaborative savings platform, is revolutionising personal finance. The company has designed a model that can beat the current inflation crisis by bringing people together to save in a ‘Circle’ and potentially raising your money 90% faster.
“Stop making interest free loans to your banks! Saving with banks comes with so few benefits right now and you won’t see much growth for your money. Real growth can come from getting on the property ladder as prices continue to rise through this time of inflation. You can achieve this with the support of the team at StepLadder - a company which has loads of benefits like saving in the community of your circle to help keep pushing you towards your dream.”
— Emmanuel Asuquo, StepLadder Ambassador and TV Finanace Guru
In times of inflation borrowers and savers are penalised
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Savers become impatient with banks
Banks are slow to pass on better interest rates because they are protecting their profits. So you won’t see your savings grow quickly enough to keep up.
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Borrowing becomes more expensive
Rising interest rates make banks charge more to borrow so they’re making more money because they can charge more for lending others your savings!
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Banks become more cautious
Banks are more cautious about lending so homebuyers will more than likely need bigger deposits and have to save for longer - unless it’s possible to raise your deposit sooner.
How does a StepLadder savings circle work?
Step 1 - We Match.
We match you to a circle with other StepLadder members, based on how much you would like to save each month for your house deposit.
Step 2 - You Save.
Each month, everyone in the circle saves the same amount of money and one member is drawn randomly. The deposit money is released to your solicitor.
Step 3 - You Get Your Deposit.
This happens every month until each member of the circle is awarded their total savings goal, meaning 90% of members achieve their house deposit faster than saving alone.
What are the benefits of a savings circle?
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1. SPEED
By working together 9/10 people reach their savings goals faster
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2. COMMUNITY
Stay discplined and get motivated with a community of other home buyers.
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3. SUPPORT
Access expertise and knowledge that has helped 100s of people buy their first home.
Member offers
We partner with leading brands to bring our members exclusive offers.
We are able to help throughout your savings journey with exclusive offers and discounts from our partners. The money you save on your utility bills, furniture purchases, insurance and many other services will help towards your savings goals.
Access investment accounts that will help you to make more from your money
Buy a gift card and get a free bonus on top to boost your spending with IKEA
Become a member and get access to special discounts
View your UK credit history and see what lenders can see about you with a free trial
5 Easy Steps to get started...
1. Tell us your goal, and how much you can afford each month.
2. We’ll match you to a group of people with a similar financial goal. This will be your StepLadder Circle.
3. Everyone contributes the same amount each month.
4. Each month, one person in the Circle is randomly allocated the total.
5. REPEAT This repeats every month until everyone has received their savings total.
Start Using StepLadder Today
Join over 2,000 people on their journey to buying their First Home..
Plans start from £25 monthly.
As seen in
FAQs
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We bring people together to reach their financial goals faster. 90% of our Members get their money faster compared to saving alone, and research shows that people who save in groups are 300% more likely to hit their goal than those who save alone.
You tell us your goal, and how much you can afford each month and we’ll match you to a group of people (a Circle) with the same financial goal. Everyone pays in the same amount each month. Every month one person in the Circle is awarded the total. This repeats every month until everyone has received their total.
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We get it, it all sounds too good to be true, doesn't it?! That’s exactly what our first members thought before they experienced the StepLadder service, the excitement of Draw Day and received their funds. Now we have over 2,000 Members who have trusted us to help them achieve their financial goals. But don’t just take our word for it, check out their independent reviews on Trustpilot.
Remember there’s is nothing better than experiencing it for yourself - why not start small and get to know us.
You can start from just £25 a month. Apply Now
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StepLadder is an appointed representative of More Lending Solutions Limited which is authorised and regulated by the Financial Conduct Authority (reference number: 702503).
You can find us on the FCA register here - FCA Register Our firm reference number is 783003.