Thursday, 27 October 2016

Quarter of Tory MPs are landlords, says research

A quarter of Conservative MPs are private landlords, according to research for an independent campaign group.

Pricedout, a group which campaigns on behalf of first-time house buyers, found that 83 out of 305 Conservative MPs are supplementing their income through private tenants.

Only 12.5 per cent of Labour MPs and 15 per cent of Liberal Democrats own properties that they rent out.

Across the parties, more than half of the homes owned were in London, where private rents are highest.

The group found several examples of MPs owning more than one rental property. James Clappison, Tory MP for Hertsmere, topped the charts, having been found to own 26 homes he rented out across east Yorkshire.

‘Not only do MPs enjoy taxpayer-funded second homes, many of them also have a portfolio of rented houses too,’ said Katy John, a spokesperson for Pricedout. ‘Many first-time buyers are trapped in the private rented sector, 94 per cent of whom would like to buy their own home.

‘Tenants in this country face some of the worst levels of housing security in Europe. First-time buyers desperately need house prices to fall to more affordable levels, but landlord MPs at the very top of the property ladder have a vested interest to not let this happen.’

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