MPs to pocket £4m from rental properties before next election

MPs to pocket £4m from rental properties before next election


Todays other news
Rayner received £20,000 from Propertymark for a two hour appearance...
This applies to landlords earning more than £50,000...
The Royal Institution of Chartered Surveyors speaks out...
Latest figures reveal exactly how many possession notices have been...
Open notebook with 'Rental Income' text, glasses, and stationery on green background.

The I newspaper – which last week revealed the eviction of tenants from a house owned by a housing minister – is now leading a debate on whether MPs should be landlords.

It says the government’s Renters Rights Bill, set to become law next month, 

Advertisement

Has encountered “serious setbacks” that threatens the government’s credibility and effectiveness.

Advertisement

It appears to be suggesting the setbacks may have been caused by MPs who are also landlords.

Advertisement

The paper says a group of 75 landlord MPs “are set to make at least £4m from their tenants during the lifetime of this Parliament.”

This includes 38 Labour MPs who make at least £10,000 a year from residential rental income according to the Commons register of interests.

Advertisement

They include Chancellor Rachel Reeves, who is reportedly making £74,000 a year from letting her former south London home for over £6,000 a month. 

There are also 26 Tory MPs, seven Liberal Democrat MPs, two independents, one Reform MP and one Green Party MP who are also landlords.

Advertisement

The I cites activist group the Renters Reform Coalition as claiming one in five members of the House of Lords are landlords or have other financial interests in property.

The i newspaper suggests Labour could  prevent MPs who own rental properties from managing them directly. It claims this “could demonstrate a more substantial commitment to putting tenants’ interests ahead of political convenience.”

However the I itself has reported in recent days the Rushanara Ali – the housing minister who quit last week following the eviction revelations – used letting agencies to manage the house at the centre of the scandal.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
5 Comments
Oldest
Newest Most Voted
Recommended for you
Related Articles
Person handing over a stack of US dollar bills in a professional setting.
Rayner received £20,000 from Propertymark for a two hour appearance...
Miniature houses with property tax crossword tiles on wooden surface.
This applies to landlords earning more than £50,000...
Scissors cutting red paper figures representing tenants, symbolising eviction process.
The Royal Institution of Chartered Surveyors speaks out...
Eviction notice paper with glasses and pen on wooden table.
Latest figures reveal exactly how many possession notices have been...
The warning says no landlord, anywhere, is immune from the...
Tenants are increasingly discerning, claims the agent...
A prominent agent says he’s expecting a “significant shift” in...
Recommended for you
Latest Features
Emily Coltman FCA is Chief Accountant at FreeAgent...
Can a landlord database tackle rogue operators, or will it...
There's been a survey of landlords and tenants - with...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.