Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
Jeremy Hunt, the Health Secretary, has been slammed in the papers for reportedly purchasing seven flats in Southampton in the name of a new limited company.
Karen Buck, Labour MP, told The Sun: “It’s shocking that while renters wait, seemingly forever, for any help from the Tories, the Health Secretary is spending his time buying up loads of properties to let. Surely Jeremy Hunt should understand how this looks at a time when both the NHS and housing are in crisis.
“You couldn’t get a better example of how the Tories are more concerned with looking after their own instead of supporting ordinary people.”
Mr Hunt’s spokesman said: “Jeremy and his wife set up the company as a vehicle through which to make charitable donations and no salaries or dividends will be taken from it for their personal benefit.”
This raises the question of hypocrisy on the one hand with the recent Tory party attacks on Landlords using Section 24 and Stamp Duty surcharges. Then on the other hand Mr Hunt just doing what all landlords are that continue to invest in the PRS by purchasing in a Ltd co. Then gaining business relief on mortgage interest as per standard taxation practices and providing more homes to rent within the PRS that many people cannot afford to buy.
The Apartments are said to be in the upmarket waterfront area of Ocean View Southampton.
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