The Trym

Southmead, Bristol

2 bed house

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Shared ownership, the affordable way to get on the property ladder.

Shared Ownership with Brighter Places is a great affordable way to get your foot on the property ladder even if you’re not able to buy your own property outright.

Shared ownership enables you to purchase a share in a home usually between 25-75% of the value of the property and pay discounted rent to Brighter Places on the part you don’t own. The larger share you own the lower the rental payments.

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Shared ownership

Shared Ownership is a government backed initiative, designed to help first time buyers in England get on the property ladder. The scheme allows you to initially purchase a share of a property, which can be between 25% and 75%.

The share you purchase would be funded by a mortgage or cash and is dependent on your level of savings and income. You will then pay an affordable rent on the remaining share; meaning the higher the share you purchase, the less rent you will pay.

Purchasing a home through our flexible shared ownership scheme is the perfect choice for those who can’t quite afford to buy a property outright on the open market.

Existing residents

If you already own a Shared Ownership home with Brighter Places, you may want to buy more shares (known as ‘staircasing’), sell your home, or you might have queries about what your responsibilities as a leaseholder are.

Our Existing Residents page aims to provide you with all the information you might need.

Click the button below to read more.

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