• Stable income

    Earn 3.5% pa tax free, backed by a long term tenancy agreement.

  • Secured by property

    70% LTV on a residential purchase, valued by a RICS surveyor.

  • Easy and quick access

    Sell your loans quickly and easily on the secondary market with no fees.

Who am I lending to?

You provide a first charge secured mortgage to a company purchasing an OnStep home. Part of the equity is funded by a committed tenant, who agrees to rent it immediately on completion for the term of the loan.

What are the key features of the loan?

How do I invest?

  1. 1. We list investments

    We purchase the home with bridge financing, and once completed, list it for investment.

  2. 2. Start earning monthly interest

    Invest your funds at 70% LTV and start earning interest from day one with no waiting periods or cash drag.

  3. 3. Exit in the secondary market

    Sell when you want to, at face value with no exit fees. We arrange for bridge financing to facilitate immediate execution.

Your investment is not protected by the Financial Services Compensation Scheme (FSCS). Your capital is at risk. Property prices can go down as well as up. Different property types or properties in different areas may be more or less susceptible to reduced or negative growth. Past performance should not be seen as an indication of future performance. By investing, there is a risk that you may not get back what you put in if property prices fall. You should not invest more money through the platform than you can afford to lose without affecting your standard of living.

Questions & Answers

  • Who holds the mortgage charges?

    Both the first charge for the main mortgage and the second charge for the equity mortgage are registered with the land registry in the name of Open Access Finance Ltd (trading as OnStep), which acts as the security trustee on the loan.

    The security trustee holds the mortgage security in trust for all investors on the OnStep platform. The security trustee has no economic interest in the loan and does not have any conflict of interest with lenders in relation to the security.

  • Who manages the property?

    We own the property and administer the tenancy. The tenant remains responsible for all maintenance and repair duties, in lieu of which they receive a discounted rent.

  • What if the tenant cannot pay the rent?

    If the tenant is in financial difficulty, we will treat them sympathetically and explore appropriate forbearance options. This will include allowing them to sell their investment in the property to generate funds.

    If forbearance options are exhausted, we will work with the tenant to facilitate a sale of the property or find a new tenant in accordance with the interests of the lenders.

  • What is the term of the loan?

    The contractual term for the mortgages will be for 7 years. Your loan will be repaid either through a sale of the property or through refinancing with the tenant agreeing a new 7 year rental contract.

    There will also be a sophisticated secondary market in operation, which will allow you to exit your loans early.

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