Monday, February 11, 2008

MPs remortgaged their homes, even though their mortgages are paid by the taxpayer, to take out cash in hand

MPs remortgaged homes for cash, say reports

MPs remortgaged their homes, even though their mortgages are paid by the taxpayer, to take out cash in hand, say reports. The Times says Andrew Walker, the director of finance and administration in the House of Commons, has admitted that until 2006, MPs were able to remortgage their properties to release cash, even though their mortgages were paid for by the taxpayer.

Posted by jack c @ 03:09 PM (1609 views)
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20 thoughts on “MPs remortgaged their homes, even though their mortgages are paid by the taxpayer, to take out cash in hand

  • Just because something is legal doesn’t make it right.

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  • That’s call fraud in other countries!

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  • it_is_going_with_a_bang says:

    It should not be allowed for any reason.
    Bunch of crooks.
    One rule for them and another books of rules for everyone else.

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  • These charlatans should be forced to live in military style barracks while they need accommodation in London at the taxpayers expense. Either that or they rent! If they must buy then it should be done on a keyworker scheme basis, ie the part mortgaged is kept by the state, so on sale the state makes a profit. Anyone with an ounce of integrity when voting on these rules for themselves could have sorted this out properly.

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  • renting 2.

    You may have a point there! The military have to move around because of their jobs but they usually have to pay rent for military accommodation. Perhaps MPs should he allocated similar accommodation and be subject to the same rules as the military e.g. no tax relief on compulsory mess bills.

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  • There are currently 646 House of commons MP’s and for several years now I have thought that it has just become a big “gentlemans club” – no wonder you get no real opposition – no one wants to rock the boat.

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  • Is it any wonder the bankers are filling their faces when they are set this example by the people leading this country. Greed and corruption is rife and this type of behaviour could have far more serious results than you can imagine.

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  • I reckon a petition to force MPs into military type quarters with no tax relief etc when in London would capture the public’s imagination. Sorry to be off topic but it would be fun to watch our ‘representatives’ squirm a bit trying to defend the status quo on TV.
    ‘lack of suitable block accommodation near whitehall’
    ‘security-all our eggs in one basket’
    ‘there’d have to be at least 5 subsidised bars and restaurants’
    etc…etc…etc

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  • Seeing as they don’t all fit in the chamber anyway, there is a huge case for reducing the number of MPs by at least 50%. But would they vote for it – would they ‘eck as like. We could do with a clean-up politics party to come into office on a one year ticket, keep the country ticking over whilst they sort out the MPs (Money Parasites) perks, over-inflated pay and bonuses, before calling a general election.

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  • My local Essex MP has 3 properties in London which he rents. The constituency property is “run as an office”. ….£22110 claimed.

    IMHO, we could pay them a reasonable wage for their long hours and leave it at that. We ought not leave it up to them as to how they can be “inventive” with their expenses. Loads of MPs also employ family members as they are technically “self employed”. They also get really good pensions. A cap needs to be placed on MPs government earnings.

    Who said ” the only person entering Parliament with honourable intentions was Guy Fawkes” ?

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  • There was a similar article in The Mail about state subsidised BTL for MPs. Coming on top of the expenses for family members scandal it demonstrates ‘the snouts in the trough’ mentality of our leaders.

    Perhaps HPC will not be allowed while so many of them have a vested interest in property.

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  • Absolutely disgusting, these MP’s are milking the system for all its worth, the only mugs here are UK taxpayers.

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  • As I have always said, ‘Politics’ comes from two roots: Poli – meaning many and Tic(k)s – bloody sucking parasites.

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  • Well knock me down with a feather ! There I was thinking our law makers were Just people. Surely when one is in such a position, such honourable types would never manipulate legislation toward a selfish advantage. No I just can’t believe it.

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  • I shan’t be voting in the election for any of the mainstream parties for the first time ever. I just can’t bring myself to do it. I still haven’t decided whether I will vote for some good intentioned, obscure party or simply spoil my ballot paper. I think the latter carries more weight. Such a shame.

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  • crash bandicoot says:

    When I was at school the Liberals were always going on about electoral reform, but I don’t remember hearing about that for years.

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  • They’re all as bad as each other, got there snouts in the trough and grabbing all they can get.

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  • The problem IMO is that there is very little to truly differentiate the 3 main political parties and as I said earlier it strikes me that they are all part of a 640 member “gentlemans club” – snouts in the same trough, dont kill the goose that lays the golden eggs and whatever you do dont rock the boat.

    All rather frustrating – Harold the rat will be turning in his grave.

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  • If there was ever any doubt, it should now be complete clear, these people are totally out for themselves.

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  • Hehe – you funny Plato.

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