A shared equity scheme in Bristol has helped a young couple from Lockleaze move into a home of their own.

Electrician Adam Chaplin, 21, was working on a Barratt development in Bristol when he heard about HomeBuy Direct, which allows buyers to cut the cost of buying a new home by 30 per cent with an equity loan.

The scheme is specifically designed to help people who have been priced out of the housing market, including households with a combined income of less than £60,000 per year.

Now Adam and his partner Lauren are looking forward to moving into their new house in the Meadows, Barratt's new development near Siston Village.

"Our application was accepted and everything has gone really smoothly," commented Adam.

"We've bought a two-bedroom Windsor style apartment and we'll be moving in at the end of June."

Barratt will be hosting a "House Party on the Green" event in Bristol's Paulton this weekend, which aims to help people to learn more about how they can afford home ownership.

Source: Direct News 8/5/09