Pirate FM News

Mortgage Boost for Cornish First Time Buyers

news - housing

Published by the Pirate FM News Team at 4:37pm 12th March 2012.

Cornish first-time buyers say plans to bring back ninety-five percent mortgages can not come quick enough.

Up to a hundred thousand people across the country could be offered one, as part of a new scheme.

The government and builders will back it.

Jack Deakin from Helston is facing a battle with the banks: "I'm living at home at the moment, with my parents, simply because I can't afford to buy or rent anywhere. On the wages that I'm on, it's very difficult to actually afford a mortgage, but the hardest bit is basically getting a deposit. The minimum amount that you need is ten percent which, to be honest, these days is pretty difficult to get.

"It just gives you the freedom to go out and do stuff and be your own person and do whatever you want to do. With me, where I'm living with my parents, you're kind of tied into letting them know what you're up to all the time, and just sort of, checking back there, and effectively living with someone else."

Email Icon

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

Suggested articles

Windies vs England: All you need to know ahead of the first Test

Sports News: As England get their 2019 underway with the first of three Tests against Windies, live on Sky Sports Cricket from 1pm on Wednesday, we bring you all the key reading and listening…

Teen among UK's first to have proton beam therapy for brain tumour

National News: A teenager from Sussex with a rare brain tumour has become one of the first patients at the new NHS Proton Beam Therapy Centre.

Pirate Extra Pirate 70s Escape LoveCornwall