Rental nightmare in coastal Cornwall (and coastal Devon, IoW)

[Bilbo]

2 minutes ago, One percent said:

There is loads of new builds going up near me. Something like 75 percent is being sold as second/holiday homes.  

Good prices? Will be visiting in two weeks 

[spygirl]

This is mental -

Scarborough family living in an Airbnb will be 'homeless' in weeks as they struggle to find a house

Rebecca and her family moved back from Australia to be closer to family but face becoming homeless after a desperate struggle to find a home

https://www.examinerlive.co.uk/news/local-news/scarborough-family-living-airbnb-homeless-23325434.amp

Theres a whole lot missing from the headline. Dont know what I'd, but it's missing.

A woman and her family can't believe how 'hard' it is to find somewhere to live as they face being made homeless by May.

In Scabby? Has she tried, err, looking?

The family are set to be evicted in May and are struggling to find somewhere to move to. They have even resorted to phoning caravan parks but have had no luck with the season about to start.

RM. 3 Mile search. 61 rentals.

There will be many more in shop windows.

Rebecca and her family lived in Australia for five years but deiced to return home to Scarborough following the pandemic. They had been staying with Rebecca's mum until January but had to move out because the house is a holiday let and her mum was in need of the money.

Why not pay your mother rent ffs?

The family started applying for properties to rent in December, applying for more than twelve and offering six months rent in advance and references but haven't been able to secure anything due to high demand

Again. You'll get your hand snatched off. Theres something not right.

"Because of the position we are in it doesn't make financial sense for us to spend £900 plus a month on rent so we want to buy, we got accepted for a house but now the previous owners have said they aren't moving out until they find somewhere

So  your stick in a chain. Set a date, or select another house and exchange on the first one to move.

"So it leaves us in the position where we are stuck in an Airbnb but when we move out of here on May 13 we can't find anything for less than £3,000 per month - so we are homeless

Dont talk crap.

They could live in the primier inn for that.

 

 

 

[leonardratso]

6 minutes ago, spygirl said:

This is mental -

Scarborough family living in an Airbnb will be 'homeless' in weeks as they struggle to find a house

Rebecca and her family moved back from Australia to be closer to family but face becoming homeless after a desperate struggle to find a home

https://www.examinerlive.co.uk/news/local-news/scarborough-family-living-airbnb-homeless-23325434.amp

Theres a whole lot missing from the headline. Dont know what I'd, but it's missing.

A woman and her family can't believe how 'hard' it is to find somewhere to live as they face being made homeless by May.

In Scabby? Has she tried, err, looking?

The family are set to be evicted in May and are struggling to find somewhere to move to. They have even resorted to phoning caravan parks but have had no luck with the season about to start.

RM. 3 Mile search. 61 rentals.

There will be many more in shop windows.

Rebecca and her family lived in Australia for five years but deiced to return home to Scarborough following the pandemic. They had been staying with Rebecca's mum until January but had to move out because the house is a holiday let and her mum was in need of the money.

Why not pay your mother rent ffs?

The family started applying for properties to rent in December, applying for more than twelve and offering six months rent in advance and references but haven't been able to secure anything due to high demand

Again. You'll get your hand snatched off. Theres something not right.

"Because of the position we are in it doesn't make financial sense for us to spend £900 plus a month on rent so we want to buy, we got accepted for a house but now the previous owners have said they aren't moving out until they find somewhere

So  your stick in a chain. Set a date, or select another house and exchange on the first one to move.

"So it leaves us in the position where we are stuck in an Airbnb but when we move out of here on May 13 we can't find anything for less than £3,000 per month - so we are homeless

Dont talk crap.

They could live in the primier inn for that.

 

 

 

heartless bastard, they might have an ancient ancestor from ukraine or something.

[Sugarlips]

I don’t know about private rentals but agents are asking for income proof of 3x the rent before they will consider an applicant, which can be difficult if you’ve just moved back from abroad.

[Wight Flight]

17 hours ago, spygirl said:

This is mental -

Scarborough family living in an Airbnb will be 'homeless' in weeks as they struggle to find a house

Rebecca and her family moved back from Australia to be closer to family but face becoming homeless after a desperate struggle to find a home

https://www.examinerlive.co.uk/news/local-news/scarborough-family-living-airbnb-homeless-23325434.amp

Theres a whole lot missing from the headline. Dont know what I'd, but it's missing.

A woman and her family can't believe how 'hard' it is to find somewhere to live as they face being made homeless by May.

In Scabby? Has she tried, err, looking?

The family are set to be evicted in May and are struggling to find somewhere to move to. They have even resorted to phoning caravan parks but have had no luck with the season about to start.

RM. 3 Mile search. 61 rentals.

There will be many more in shop windows.

Rebecca and her family lived in Australia for five years but deiced to return home to Scarborough following the pandemic. They had been staying with Rebecca's mum until January but had to move out because the house is a holiday let and her mum was in need of the money.

Why not pay your mother rent ffs?

The family started applying for properties to rent in December, applying for more than twelve and offering six months rent in advance and references but haven't been able to secure anything due to high demand

Again. You'll get your hand snatched off. Theres something not right.

"Because of the position we are in it doesn't make financial sense for us to spend £900 plus a month on rent so we want to buy, we got accepted for a house but now the previous owners have said they aren't moving out until they find somewhere

So  your stick in a chain. Set a date, or select another house and exchange on the first one to move.

"So it leaves us in the position where we are stuck in an Airbnb but when we move out of here on May 13 we can't find anything for less than £3,000 per month - so we are homeless

Dont talk crap.

They could live in the primier inn for that.

 

 

 

They will need to move to a different area and the kid can go to a different school - it isn't like he's been there long.

Otherwise they have no chance.

[spygirl]

11 minutes ago, Wight Flight said:

They will need to move to a different area and the kid can go to a different school - it isn't like he's been there long.

Otherwise they have no chance.

Well. shes saying they *have* the money.

If shes returned from Oz then its only v recent.

She seems to be stuck in a chain.

There are plently of rentals She just needs to pick one for 5 months. If its only 6 months then she can pay it all - as she says.

The article is nuts and appears to be missing info.

[Wight Flight]

2 minutes ago, spygirl said:

Well. shes saying they *have* the money.

If shes returned from Oz then its only v recent.

She seems to be stuck in a chain.

There are plently of rentals She just needs to pick one for 5 months. If its only 6 months then she can pay it all - as she says.

The article is nuts and appears to be missing info.

Trust me that doesn't work.

If it is anything like here there will be 30+ people applying for each rental.

Having a kid puts her way down the queue.

Not having a regular income - even further down the queue - even if she pays 6 months up front they want to see regular income in case she decides not to leave at the end of the tenancy.

The only thing she could do to make it harder is to have a pet Dingo.

 

[Sugarlips]

19 minutes ago, Wight Flight said:

Trust me that doesn't work.

If it is anything like here there will be 30+ people applying for each rental.

Having a kid puts her way down the queue.

Not having a regular income - even further down the queue - even if she pays 6 months up front they want to see regular income in case she decides not to leave at the end of the tenancy.

The only thing she could do to make it harder is to have a pet Dingo.

 

Would a Ukrainian dingo swing it?

[Frank Hovis]

This is really biting now.

Overheard someone opening a new chain pub / restaurant in a seaside town (not Spoons) say that they have been turned down for a manager post at £45k and cannot get bar, kitchen or waiting staff at all.

When people cannot afford the rent on a low salary then you aren't going to get these staff.

Either salaries have to go up or rents come down; short term it's salaries going up.

[spygirl]

19 hours ago, Frank Hovis said:

This is really biting now.

Overheard someone opening a new chain pub / restaurant in a seaside town (not Spoons) say that they have been turned down for a manager post at £45k and cannot get bar, kitchen or waiting staff at all.

When people cannot afford the rent on a low salary then you aren't going to get these staff.

Either salaries have to go up or rents come down; short term it's salaries going up.

All the way up the skills ladder.

Housing costs always land on wage costs, eventually.

 

[Frank Hovis]

Well, finally there is a change of tone on rising house prices.  Probably because, unlike the national press, local journalists are on low wages and renting so aren't happy about prices shooting up.

Average house prices in Cornwall's towns now and in 2018 compared

The average price in all of Cornwall has gone up by £100,000

The average house price in Cornwall has been on a steep rise since the start of the pandemic and has reached its highest ever level.

The latest figures from the Land Registry reveal that the current average price for residential properties in Cornwall sits at £334,526 - compared to £224,624 in 2018.

CornwallLive reported the average house price in Cornwall towns in December 2018, so we decided to have a look at what the price differences are, just over three years later in February 2022 - and some of the results are quite shocking.

 

https://www.cornwalllive.com/news/cornwall-news/average-house-prices-cornwalls-towns-6657545

 

They are also showing what the average house price actually buys in each place; there is fortunately still a preponderence here of proper houses rather than everyone being crammed into flats.

 

There is a big difference between prices, and rises, between coastal and inland areas which shows how much of the rise has been driven by people moving down from the SE who aren't going to buying a terrace in Liskeard but want to be by the sea.

[spygirl]

Scabby council are having a long overdue hooha about 2nd homes and FHL - 

The council and the jounro morons are, as usual, mangling the terminology and fucking up the story.

https://www.thisisthecoast.co.uk/news/local-news/alternative-ways-put-forward-to-reduce-scarborough-borough-second-homes/

Basically, there been a far few hoses built in Whitby. But he FT population keeps lurching down, with massive problems in terms of public services funding.

Theyve managed to pull out their finger and get some numbers.

https://www.thisisthecoast.co.uk/news/local-news/nearly-20-of-whitby-housing-is-holiday-lets-or-second-homes/

Ive done this inthe past getting the rates info from HMRC.

The numbers are under reported. Whitby district is touching ~30 2nd or FHLs.

Thats a huge fucking number.

The increase over the last 10 years is not a surprise. Id guess ~50% of houses sold in 10 years are going to FHL.

The idiots keep piling in.

SBC pissing around with the  FT only buyer on new build  is pointless.

2 things need changing - 

1) Resi -> FHL needs planning perm for chang4 of use.

2) FHL to be removed from SBRR.

Thats it.

2nd homes are few n far between. And the council can level 2x ctax.

Whats remarkable  is that, despite Scabby being the a relatively massive urban area, all the FHL are either in Whitby district or Filey.

Im more interested as changes to FHL are pretty much baked in,.

There''ll be some tax changes a la IO BTL where the mortgage cannot be offset - treating FHL as an investment rather than a company.

And the rate changes has to be to happen - the revenue local councils and HMRC are losing is now eye brow raising.

Again, some brassy trollope from Batley with her Master Mariners cottage in the Barratt estate is paying little to no tax, on quite a substantial amount of cash.

 

[Bilbo]

Cornish getting grumpy. Not quite as bad as the Welsh burning second homes.

Telegraph today.

https://archive.ph/iynqE

 

[spygirl]

10 hours ago, Bilbo said:

Cornish getting grumpy. Not quite as bad as the Welsh burning second homes.

Telegraph today.

https://archive.ph/iynqE

 

They dont know the half of it.

UKGO|V spends ~20k/kid, ~9k/adult,

Turn a 3 brd into a FHL and rather than get ~50k/house spend + c tax income, the LA gets ..... fuckall, bar money for rubbish bags.

The public services have to be provided by the few remaining residents, so they end up paying an extra 30%.

FHL, AirBNB - dont matter much -each one takes ~50k-70k out of the local economy.

And,. no, the visitors do not 'spend that in the pubs and shops'

If people want to visit x then they need to stay in a BnB or hotel, which pay tax accordingly and dont impinge on the locals.

 

 

 

Edited March 21, 2022 by spygirl

[Wight Flight]

The tide is turning. We get a thread like this almost every day...

https://m.facebook.com/groups/privatelettings/permalink/4799878216778018/?m_entstream_source=feed_mobile&anchor_composer=false

[One percent]

On 13/03/2022 at 11:44, spygirl said:

Scabby council are having a long overdue hooha about 2nd homes and FHL - 

The council and the jounro morons are, as usual, mangling the terminology and fucking up the story.

https://www.thisisthecoast.co.uk/news/local-news/alternative-ways-put-forward-to-reduce-scarborough-borough-second-homes/

Basically, there been a far few hoses built in Whitby. But he FT population keeps lurching down, with massive problems in terms of public services funding.

Theyve managed to pull out their finger and get some numbers.

https://www.thisisthecoast.co.uk/news/local-news/nearly-20-of-whitby-housing-is-holiday-lets-or-second-homes/

Ive done this inthe past getting the rates info from HMRC.

The numbers are under reported. Whitby district is touching ~30 2nd or FHLs.

Thats a huge fucking number.

The increase over the last 10 years is not a surprise. Id guess ~50% of houses sold in 10 years are going to FHL.

The idiots keep piling in.

SBC pissing around with the  FT only buyer on new build  is pointless.

2 things need changing - 

1) Resi -> FHL needs planning perm for chang4 of use.

2) FHL to be removed from SBRR.

Thats it.

2nd homes are few n far between. And the council can level 2x ctax.

Whats remarkable  is that, despite Scabby being the a relatively massive urban area, all the FHL are either in Whitby district or Filey.

Im more interested as changes to FHL are pretty much baked in,.

There''ll be some tax changes a la IO BTL where the mortgage cannot be offset - treating FHL as an investment rather than a company.

And the rate changes has to be to happen - the revenue local councils and HMRC are losing is now eye brow raising.

Again, some brassy trollope from Batley with her Master Mariners cottage in the Barratt estate is paying little to no tax, on quite a substantial amount of cash.

 

There’s an election coming up and they’ve got wind of local sentiment. 

[spygirl]

2 minutes ago, One percent said:

There’s an election coming up and they’ve got wind of local sentiment. 

I dont think it's that. 

Local elections dont matter, even more SBC is scrapped.

I'd guess theyve seen how much revenue they are loosing - 40-50k per FHL all in.

FT residents = money and heft.

The number of FHL, from, say, north of Scalby Mills to the Redka border us now v eyebrow raising.

There was a Welsh woman on radio, bemoaning FHL. The presenter, one of the more competent journos, still had not grasped the loss of money.

The only way to sort this is remove SBRR from FHL - 7k rates plus tax on rental income.

Combine that with a dire season and it'll sort, painfully mind.

[One percent]

6 minutes ago, spygirl said:

I dont think it's that. 

Local elections dont matter, even more SBC is scrapped.

I'd guess theyve seen how much revenue they are loosing - 40-50k per FHL all in.

FT residents = money and heft.

The number of FHL, from, say, north of Scalby Mills to the Redka border us now v eyebrow raising.

There was a Welsh woman on radio, bemoaning FHL. The presenter, one of the more competent journos, still had not grasped the loss of money.

The only way to sort this is remove SBRR from FHL - 7k rates plus tax on rental income.

Combine that with a dire season and it'll sort, painfully mind.

It matters to those who are councillors. It’s a very nice gravy train.   
Re the number of holiday lets, scabby council refuses to look at it on a parish by parish basis and their stance is borough wide, which they argue rightly, is relatively low for holiday lets and second homes.  
 

oh, and it’s losing, not loosing.  

[Wight Flight]

2 minutes ago, spygirl said:

I dont think it's that. 

Local elections dont matter, even more SBC is scrapped.

I'd guess theyve seen how much revenue they are loosing - 40-50k per FHL all in.

FT residents = money and heft.

The number of FHL, from, say, north of Scalby Mills to the Redka border us now v eyebrow raising.

There was a Welsh woman on radio, bemoaning FHL. The presenter, one of the more competent journos, still had not grasped the loss of money.

The only way to sort this is remove SBRR from FHL - 7k rates plus tax on rental income.

Combine that with a dire season and it'll sort, painfully mind.

I was looking at a property down the road from me. One bed place, £1,000 per week peak, £600 September onwards.

Was booked solid last year. This year booked out in June and July, still space August onwards.

My guess is they will get 10 weeks at full price, and possibly another six at the lower rate. £13,600 in total. Lots of costs to be charged against that income.

It would easily rent for £1k per month on a long lease. If it wasn't for the tax treatment it makes no sense as a holiday let. 

Will be interesting to see how this goes.

 

 

[spygirl]

7 minutes ago, One percent said:

It matters to those who are councillors. It’s a very nice gravy train.   
Re the number of holiday lets, scabby council refuses to look at it on a parish by parish basis and their stance is borough wide, which they argue rightly, is relatively low for holiday lets and second homes.  
 

oh, and it’s losing, not loosing.  

Well it's not really a local councillor thing, more plant pots n funding Scabby pride.

I find you by downloading the rates register and filtering stuff on postcode and business type.

Again, once you explain to locals the amount of revenue lost and the extra tax they pay they are furious.

90% dont grasp the difference between rates n ctax.

 

[One percent]

13 minutes ago, spygirl said:

Well it's not really a local councillor thing, more plant pots n funding Scabby pride.

I find you by downloading the rates register and filtering stuff on postcode and business type.

Again, once you explain to locals the amount of revenue lost and the extra tax they pay they are furious.

90% dont grasp the difference between rates n ctax.

 

It really is about the election. The locals have suddenly woken up to the impact of second homes and holiday lets and the councillors are virtue signalling, trying to get some votes.  

[HousePriceMania]

On 27/03/2022 at 18:31, Wight Flight said:

I was looking at a property down the road from me. One bed place, £1,000 per week peak, £600 September onwards.

Was booked solid last year. This year booked out in June and July, still space August onwards.

My guess is they will get 10 weeks at full price, and possibly another six at the lower rate. £13,600 in total. Lots of costs to be charged against that income.

It would easily rent for £1k per month on a long lease. If it wasn't for the tax treatment it makes no sense as a holiday let. 

Will be interesting to see how this goes.

 

 

There's a thread on tos showing big price drops... Was a load in Cornwall this week. I think its a fair assumption that the race for space is over. 

 

Now, will you be paying 5k for 2 weeks sat in the pissing rain, in a traffic jam, with 1000s of (other) chavs with over priced beer and food, piss poor service, ugly fat people all to line the pockets of some London btler while inflation is destroying your disposable? 

 

We're off to Greece this year, Mark Warner, better than Mark from Warrington 

 

As you say, it's getting interesting. 

[Bilbo]

Just had a very nice week away in @One percent area. Three bed two bath sleeps six at £350-00 per week. 

 As @spygirl says local economy gets not a lot as only spent one small lunch out. Drinks in local perhaps £100-00 over week. Rest of consumables from Aldi and co-op if on desperation.

Should be sorry but I'm not and have rebooked for next year 😊

[Frank Hovis]

Here's another article from the local press which is critical of HPI which shows the difference between a low paid local journalist and a London type with their BtL portfolio and second home.

The article itself is all "rule of small numbers" as it's average selling prices in a year in smallish villages.

Yet it's very telling that they have made the effort to do that and that this is portrayed as good news.

 

Villages and hamlets in Cornwall that the house price boom has spared

We've found six places where average prices have been going down in the past few years

https://www.cornwalllive.com/news/property/villages-hamlets-cornwall-house-price-6869488

 

[GTM]

11 hours ago, HousePriceMania said:

There's a thread on tos showing big price drops... Was a load in Cornwall this week. I think its a fair assumption that the race for space is over. 

 

I've noticed an increase on supply coming onto the market over the last week or so. Supply has been steadily falling for ages. The little quality that does appear being snapped up quickly, despite being priced at mental prices. But supply has noticeably started ticking up. I can't imagine many people, looking at their energy, food and council tax bills, wanting to transact at the prices being suggested by the estate agents, but we shall see.