Typically, other finance products charge interest or rental payments. At OnLadder, we wanted to create a product that gives you more flexibility when it comes to repayment.
When we provide an OnLadder loan, the loan is tied to the value of your home, so we share in any upsides or downsides. To protect ourselves from risk, we adjust the value of your property when we lend.
What does this mean for you?
When you take out an OnLadder loan, we’ll lend you your deposit as a percentage of your property. When you decide the time is right to pay us back, we’ll ask for you to repay a slightly higher percentage of the property’s value at the time of repayment.
If you have:
We want to make sure that you start with home equity and can build equity quickly, so we don’t do this on day one: we take this extra bit over a five-year period. On the first day, you’ll owe us exactly what we lent you, and this will increase a little each year, for five years.
This isn’t a rental or interest payment, this only changes the amount you repay when you decide to pay us back. If you repay us sooner, you’ll pay us a smaller share of equity.
Copyright © 2021 OnLadder Ltd. All rights reserved.
OnLadder is the trading name of OnLadder Loans Ltd, a company registered in England and Wales under registration
number 13642073. Our registered office is Kemp House, 160 City Road, London EC1V 2NX. OnLadder Loans Ltd. is a subsidiary of OnLadder Ltd., registered in England and Wales under registration number 12677436. OnLadder Ltd's registered office address is 71-75 Shelton Street, London, England, WC2H 9JQ.
OnLadder is currently seeking authorisation from the Financial Conduct Authority.