UK Fintech Lender to lift early buyers up the property ladder

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The funding cycle is led by Paul Ripon, co-founder of Monzo, with the rest of the round filled with mortgage industry experts and other homeownership enthusiasts. According to Rippon, “It’s time the strict choice of renting or buying (with a mortgage) was joined more subtly, giving more people greater financial flexibility with their home. The OnLadder team is doing this while taking account the interests of customers and other stakeholders in the digital age.”

Jackie Bennett OBE, mortgage expert and former Head of Mortgages at UK Finance, was recently appointed to the board of OnLadder. She adds, “Not everyone has Mom and Dad’s bank to turn to and the market needs more choice for first-time buyers. I’m thrilled to be a part of this exciting and innovative venture from OnLadder. , ensuring clients get while investors get long-term returns.”

Message from the Founders, Cam Orcutt and Sam Hatley:

“For the better part of two decades, first-time home buyers have been receiving a raw supply. They have been left to watch as house prices soar, increasing deposit requirements, and as more restrictive lending regulations have been instituted, limiting their ability to borrow the mortgage they need to buy a home.

This has left first-time home buyers staring at what is an institution in the UK, prevented from properly starting to build their financial future and climbing the property ladder.

OnLadder wants to be part of the solution, providing a more flexible form of deposit financing that will allow first-time buyers to achieve their goal of climbing the ladder quickly and responsibly.

The OnLadder team looks forward to working closely with lenders, brokers and builders to provide the financing options these customers need. It won’t be easy, seemingly intractable problems never are, but it can be done and it must be done to achieve better results for first-time buyers.”

The increase will allow the startup to continue progressing through the FCA authorization process, cement strategic partnerships, and grow the startup’s initial operations.

Find out more about OnLadder on their website here: https://onladder.co.uk/

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