Thursday, July 18, 2013

A third of MPs are buy-to-let landlords

When we pay rent to our MPs, we have a problem

... there's a glaring omission from any discussion of a property market so distorted and unequal that a report published this week showed a third of the country is effectively off limits to families on an income of less than £22,000. (Not off limits in the sense of buying, you understand; that's been the case for years. Off limits even for renting.) And of the fact that this same property market – in terms of its legislative oversight, financial regulation and taxable structure – is overseen by a parliament in which a third of MPs are buy-to-let landlords.

Posted by mark wadsworth @ 07:50 AM (1875 views)
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7 thoughts on “A third of MPs are buy-to-let landlords

  • The other two thirds have their BTLs in their wife’s name.

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  • probably far higher than that

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  • righttoleech says:

    This BBC link http://www.bbc.co.uk/news/business-23350885 bemoans the ripping off of ‘landlords’ and ‘tenants’ by rogue letting agents. MPs want something done about it. What are they losing most sleep about….tenants or landlords? I know…..if they sort out these charletans they could ‘win double’ on their taxpayer funded portfolios. Pocket the savings from landlord exploitation and up the tenants rent to compensate for any savings on rip off the tenant scams.

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  • mark wadsworth says:

    HPW, the article also mentions that most of them own at least two homes.

    RTL, possibly…

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  • Something to bear in mind, when the BTL bubble pops, will be the far greater social and economic damage done than if the losses had been taken honestly before and the home ownership model retained.

    But there you go. Plenty of other countries to consider living in.

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  • sibley's b'stard child says:

    The politics of envy on this site sickens me.

    How else can we retain our brightest and best politicos if they are not remunerated sufficiently.

    If we are not careful they will simply move to a country with more generous financial incentives.

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  • The politics of envy on this site sickens me.

    ?

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