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Thursday 9th
posted by Lamiat Sabin in Britain

Green benches chock full of property tycoons

ONE in five MPs is a landlord compared to only three in a hundred across the general population, it was revealed yesterday.

Out of the 126 landlord MPs, 70 per cent are in the Conservative Party, the statistics released by Generation Rent show.

Fifty-two MPs rake in the cash from more than one rental property. But the Register of Members’ Financial Interests fails to reveal how large or expensive these are, as it simply lists property under type and location.

Tory Richard Benyon, who is believed to be the richest MP, owns an undisclosed number of properties in Hampshire, Berkshire and Hackney.

His family — worth close to £110 million — own the leafy 20,000-acre Englefield Estate, complete with stately mansion, in Berkshire and the Benyon Estate in Hackney, east London.

The family drew back from investing in the “redevelopment” plans of the New Era council estate in Hoxton in the face of successful resistance by working-class mothers of small children facing eviction.

Though his party has cut benefits to a maximum of £23,000 in the capital, the greedy Newbury MP’s business rakes in at least £49,000 a year in housing benefit.

SNP MP for Edinburgh West Michelle Thomson has nine properties. She boasted on the Scottish social network website Kiltr: “I took advantage of the property dip to build my own portfolio of buy-to-let and holiday rental properties.”

Tory MP for Thirsk & Malton Kevin Hollinrake declared a third share in 12 homes in York.

While many tenants pray for regulations on private rents to provide stability in their lives, he tweeted in April: “Rent controls would mean fewer landlords would invest and this will reduce number of available homes to rent.”

There are now 5.1m households renting privately and more than half moved home in the past two years, the government’s Family Resources Survey revealed last month.

Betsy Dillner, director of Generation Rent, said: “Some of the most vulnerable members of society rely on private landlords for a roof over their head, and they rely on Parliament to make sure they’re properly protected.

“The prevalence of landlords in Parliament is a reminder to private tenants how important it is to make their voices heard.”