Pirate FM News

Affordable Housing Crisis: Cornish Dad Gets First Mortgage at 53

affordable housing

Published by the Pirate FM News Team at 7:48am 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."

Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Suggested articles

PHOTOS: Dad finds toddler holding used needle in Cornish park

Cornwall News: Thomas Galea has cleared around 200 in six weeks

WATCH: Mum and child get caught in rip current

Cornwall News: Lifeguard stripped down to his boxers and rushed to help

Trending in Cornwall

PHOTOS: Bus bursts into flames on the Lizard

It closed the road between Coverack and Goonhilly

Camborne GP surgery to close

5,700 patients will need to find new doctors

WATCH: Mum and child get caught in rip current

Lifeguard stripped down to his boxers and rushed to help

CCTV released after £40k of jewellery stolen

A shop in Penzance was targeted in broad daylight

UPDATE: A38 shut after serious crash

An elderly woman has been rushed to hospital

WATCH: It is A-level results day for Cornwall

Check what to do if you did not get the grades

Teenager injured after jumping from rocks in Cornwall

It is understood he was coasteering at Rame

VIDEO: 10 facts you may not know about Madonna

We made the list as the Queen of Pop turns 60!

Big plan to cut cancelled operations in Cornwall

St Michael's Hospital in Hayle is in line for investment

Used needles reported in children's play park

Advice from police after they were left in Liskeard

More news...

Pirate Extra Pirate 70s Escape LoveCornwall