Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

Affordable Housing Crisis: Cornish Dad Gets First Mortgage at 53

affordable housing
Delicious Submit this page to reddit

11:35am 19th June 2014
(Updated 11:35am 19th June 2014)

Pirate FM has learnt that a dad given a mortgage for the first time at 53 would still be renting if it was not for a scheme in Cornwall.

More than 50 locals are hunting for an affordable home in Lostwithiel.

Housing Minister Kris Hopkins visited the previously stalled Castle Hill Road development on Wednesday which has been unlocked thanks to a 1.3 million pound government loan.

He said: "We want people to build, we want a whole range of tenures whether its social housing, council housing, affordable to buy, affordable to rent, private homes at full market price, there needs to be a broad offer out there because there is demand.

"Nationally, people are saying we should be building 200,000, we want to build to demand, we want to be able to make sure that people, however old they are and whatever their needs are, that we can meet that housing demand."


The funding scheme sets out to help builders build new homes in a challenging economic climate.

Richard Brown says finding a deposit was tough: "We were able to buy at 50% of the evaluation so we paid 90 thousand for it but we had to put down a 20% deposit which was an 18 thousand pound saving. We've had people chip in and help us otherwise we'd never have been able to afford the 18 thousand.

"I'm earning 16 and a half thousand a year. I think that's above, probably by two or three thousand, the Cornish wage. Even then, achieving the 90 thousand was always going to be a bit tight so I don't know how people in Cornwall are ever going to be able to afford."

11:35am 19th June 2014

Share This Story

Delicious Submit this page to reddit
Suggested articles
fistral beach newquay

WATCH: Cornish Beach Named Second Best In UK

In fact, the Duchy has three in the top 10!

whitstone fire 1

WATCH: Six Pumps Tackle House Fire

The blaze broke out in north Cornwall

Most read
original factory shop bodmin

Suspected 'Ram-Raid' In Bodmin

Police say £900 worth of goods was stolen

elderly care

Cornwall Care Home Under Investigation

Placements are suspended while allegations are looked into

Top articles

WATCH: Storm Doris Is On Her Way

Cornwall News: A wind warning is out for Cornwall

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

Family of 'IS suicide bomber' says Gitmo 'utterly changed' him

National News: The family of Jamal al Harith, who was named by IS as a suicide bomber in Iraq, say they have not had his death confirmed.

VIDEO: Cats Die From 'Anti-Freeze Poisoning'

Cornwall News: Vets warn others are missing in Camborne and Redruth

The Jungle Book: Animating an Oscar favourite

Showbiz News: Disney's The Jungle Book used groundbreaking technology to create a photo-real computer world with 54 animal species.

Stolen Nazi concentration camp gate returned to Dachau

World News: An iron gate stolen from a Nazi concentration camp has been returned to its original site.

British Cycling 'may have crossed ethical lines' - UK Sport Chairman

Sports News: British Cycling may have crossed ethical lines in its treatment of athletes in the past, according to the chairman of UK Sport Rod Carr.

Men and women 'need different things' to keep friendships alive

Strange News: Your ability to keep long-distance friendships alive may depend on your gender, according to a new study.

Newer article

Cornwall and Devon Named Holiday Hotspots

Cornwall News: Lonely Planet ranks us in the top three to visit

Older article

Calls To Relax Rules On Term Time Holidays

Cornwall News: It could help parents working in tourism.

Cornwall's Pirate FMPirate Extra Footer LogoEscape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.