OntoTheLadder is a much needed alternative to conventional mortgages which allows Buyers to get onto the Property Ladder with only 1% Deposit, no Debt-overhang and full flexibility to buy and sell their home equity.
In 2018 we set out on a mission to overhaul the archaic property sector and combat housing affordability issues within London and the UK by:
We are making property purchasing as simple as letting whilst solving today’s massive and growing social problem of 2/3rds of millennials never being able to afford a property in the UK capital and beyond.
Our core offering is based on:
No. Mortgages are debt and OntoTheLadder is not lending you any money. Instead, OntoTheLadder is your property co-owner.
Involving a traditional lender would typically mean taking out a mortgage. Seeing as there is no mortgage there is no lending bureaucracy for you to deal with. You are co-owning the property with us at OntoTheLadder.
We’ve outlined a host of benefits to you as a Buyer above [make “above” hyperlinked to 2nd FAQ question container] and instead of renting and saving up money for your deposit on the side you can lock-in the purchase price of your property today and start buying ownership shares immediately through our Rent-to-Own system.
You pay rent on the part you don’t own and have full flexibility to purchase more ownership shares, reducing your rent and increasing your holding. It’s that simple.
At start, upon paying in your 1% deposit you own 1% of the property. Therefore your rental amount is Fair Market Rental Value immediately reduced by 1%. The more ownership shares you buy, the less rent you pay.
Of course. With OntoTheLadder’s Rent-to-Own system you have full flexibility to purchase more equity i.e. more ownership shares. With no additional fees.
Getting qualified is easy. We will do some standard due diligence to assess your financial situation and the process will take you five minutes.
We look holistically at multiple variables including your credit score and income levels and seeing that we are not lending you any monies the process is vastly simplified when compared to that of a traditional lender.
We understand that sometimes life happens and you need some time to get your finances in order. That’s why OntoTheLadder offers rental payment forgiveness as long as you have built up sufficient equity which you can exchange for your rental payment.
OntoTheLadder makes it very simple for you and us with the following 3 options: