Mail BTL Property Repossession Hotspots Map

Pobby

I moved to Cornwall 20 years ago. I was amazed at how many people went there with no real idea of what job they were going to have. Quite a number didn`t and consequently got repossesed.

It reminds me of another thread talking about the folk who go to Spain with large mortgages and no real way of funding them.

amcluesent

>many people went there with no real idea of what job they were going to have<

Have the clotted-cream mines all closed in Cornwall?

GDB2222

My son lives in Aberystwyth, which I imagine has a similar economy to Cornwall. However, he 'telecommutes' to a job in England. Any problem with doing the same from Cornwall? I can't believe that transport is significantly worse than from Aber.

JACKBLACK

Gorgeous_George wrote: »

So, 45,000 repossessions every year and BTL accounts for 900 every 3 months making 3,600 BTL repossessions per year. That is 8% leaving 92% for residential properties.

Nice non-story from the Mail for a change.

And I am not denying that there is a downturn. Just that BTL is no worse hit than residential markets.

GG

They have to sell papers some how. Their ad revenue is down:rolleyes:

PasturesNew

GDB2222 wrote: »

My son lives in Aberystwyth, which I imagine has a similar economy to Cornwall. However, he 'telecommutes' to a job in England. Any problem with doing the same from Cornwall? I can't believe that transport is significantly worse than from Aber.

If one can get a telecommuting job then they can be anywhere. But there are very limited telecommute jobs available, or most of us would be doing them.

Your son could move to Cornwall and nobody'd be any the wiser, but if he were sat down in Cornwall scanning the job adverts, how would he find such a job?

It's always to find the 1-12 people who managed to find the perfect solution. But not everybody can do it.

For distance, Aber is the same time/distance to Bristol as being half way down Cornwall (still a further 40 minutes/1 hour to the end of the county. And both will suffer from holiday traffic in the peak seasons.

neverdespairgirl

PasturesNew wrote: »

I'm watching the North coast new build market. Nothing's moving, no prices are coming down.

What about second-hand stuff, is that shifting?

Hector-The-Inspector_2

PasturesNew wrote: »

Yes, it is one of the poorest areas of the whole of Europe. It was still the poorest area when all those really poor countries joined Europe. Objective One funding, giving to the poorest regions, is only given to Cornwall now in the UK (poorer than all other areas).

Poor! many properties in Cornwall are built with COB WALLS, look at the ingredients below , now that's what I call poor.



Cob, subsoil containing ideally approximately equal proportions of clay and silt, sand and fine gravel is thoroughly mixed with water and straw to a fairly stiff but malleable consistency,

Davesnave

Hector-The-Inspector wrote: »

Poor! many properties in Cornwall are built with COB WALLS, look at the ingredients below , now that's what I call poor.



Cob, subsoil containing ideally approximately equal proportions of clay and silt, sand and fine gravel is thoroughly mixed with water and straw to a fairly stiff but malleable consistency,

You forgot the horse hair, old bones and teeth!

My father managed to buy a Devon property in the 1960s for a knock-down price thanks to a collapsed cob wall. The neighbour's guttering had fallen off, so rain water gradually undermined a 2.5' thick cob wall, which then fell into an 8' deep void between the two buildings. The old couple who lived in the house had no easy way to repair this damage, and may have been badly advised, so they sold the place, a Queen Anne 4 bedder, at a fire sale price of £1000.

A few Acrow props kept the roof supported, but it was still a mammoth effort to remove the wall by hand, using nothing but a pulley and buckets, as there was no proper access into the void. I think my Dad earned that house, which still has the terraced garden he created to hide all the sludge on-site!

And that's how I know what's in a cob wall.

PS The house last sold in 2005 for around £300k. Now there's HPI for you!