Members say co-ops offer autonomy and security in an increasingly difficult housing market.
By Jonathan Holmes and Rachel CandlinGetting on the property ladder is a struggle for millions, with high rental costs and low incomes making home ownership seem an unachievable dream for many.
"But nowadays it seems to be really difficult to do that without some kind of support from family members or an inheritance," he said.
"Several of the people who've joined [us recently] have literally been shuffling from one private house to another. "We don't have a waiting list and most of the time we have up to five unhoused members at any one time. "Quite often you need to bring equity into a purchase. We don't need to do that. Instead we run something called a loan stock campaign," he said.
"The most common reason housing co-ops are unsuccessful is because the group falls apart. Putting in the groundwork for [a strong group] is a really significant part of what we do," he said.Simon Crichton from Triodos Bank said co-op members needed to form a strong group before seeking finance"New housing co-operatives will need initial capital to purchase or develop their homes, as well as a bank loan.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bristol Clean Air Zone: Drivers win more than half of appealsFigures show 56% of decisions over appeal fines in Bristol Clean Air Zone favour motorists.
Weiterlesen »
Ronaldo Griffiths given life sentence over fatal Bristol park stabbingRonaldo Griffiths, 20, has been found guilty of murdering Adam Ali Ibrahim in a Bristol park.
Weiterlesen »
Bristol News - BBC NewsGet the latest news from the BBC in Bristol: Local website with breaking news, sport, weather and travel from the area plus in-depth features, analysis, audio and video coverage; listen to BBC Radio Bristol live and catch-up with local TV news.
Weiterlesen »
Mesh bowel patients call for publication of Bristol Spire Hospital reportPeople whose lives were damaged by surgery say they are still waiting to see an official report.
Weiterlesen »