• Attractive yields

    Higher net yields with no void periods or management fees to pay.

    Monthly income

  • Dream tenants

    Long term and committed, with a shared interest in the property.

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  • Zero hassle

    No tenants to find, no agents to manage, no boilers to fix.

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How does it work?

You provide a shared equity loan (secured by a mortgage) to the company that purchases the home and receive monthly interest and a share of the house price increase/decrease.

What are the key features of the loan?

OnStep homes are carefully chosen

How do I invest?

You have full control to individually select the properties to invest in and the amount that you invest.

  1. 1. We list the property for investment

    Once the tenant finds the property and negotiates the purchase price, we arrange the valuation, survey and the legal aspects.

  2. 2. You select and commit to invest

    Study the valuation and survey reports, read about the tenant and decide how much you want to invest before committing the funds.

  3. 3. Start earning monthly interest

    We complete the property and register the mortgage charges. The tenant moves in and starts paying rent. You start receiving monthly interest.

  4. 4. Trade in the secondary market

    Start trading on the secondary marketplace or wait for your investments to mature.

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.