Buying Repossessed Property in Cornwall: What to Know

In short: Repossessed homes in Cornwall are sold by lenders through agents and auctions, who must obtain the best price reasonably obtainable, so discounts are usually modest. If you plan a second home or holiday let, factor in Cornwall Council's council tax premium on second homes, the end of furnished holiday let tax benefits, and any local planning restrictions on new second homes. Coastal properties need careful surveys for damp and weathering. Fraser Bond is London-based; use local agents in Cornwall.