David Cameron and wife Sam took out new mortgage on their £3.5million London home just days before EU referendum – The Sun
DAVID and Samantha Cameron took out a new mortgage on their £3.5million London townhouse just days before the EU referendum.
They arranged the loan with HSBC on June 15 – eight days ahead of polling day – raising the question of whether the PM had already convinced himself he was heading for a Brexit defeat.
Following the loss Cameron immediately announced his resignation – saying that he hoped a successor would be in place by October.
But the planning over their living arrangements appears to have been going in tandem with the PM’s failed campaign to keep Britain in the EU, the Daily Mail claims.
The pair signed the HSBC mortgage deed, dated June 15, 2016, using their full names, according to publicly-available Land Registry records. Their signatures were witnessed by Laurence Mann, who gave his occupation as ‘Political Secretary to the Prime Minister, 10 Downing Street’.
The documents do not reveal the size of the loan taken out, nor its purpose.
They did not previously have a mortgage on the property.
The new loan, secured against the townhouse, could potentially help to fund the purchase of a property elsewhere.
The Camerons already own two homes, a £1.3million cottage in his Oxfordshire constituency, and the Edwardian four-bedroom Notting Hill house which they bought in 2006 for £1.1million in cash using the profit on their previous home.
Since moving into Downing Street in 2010, they have been renting out their West London house – pocketing up to £7,000 a month from the tenants.
They are unlikely to want to move to their Oxfordshire house because it would disrupt their children’s schooling.
Nancy, 12, attends a Westminster secondary school a short distance from Downing Street, while their son Elwen, ten, and youngest daughter Florence, five, go to a West London primary school.
They have spent £600,000 transforming their old Notting Hill home with an eco-friendly makeover, demolishing the rear extension to construct a new kitchen and spacious basement.
The Camerons reportedly made £935,000 profit on selling their first home, in North Kensington, where they lived from 1995 to 2006.
Their constituency home was bought for £650,000 in 2001 when Mr Cameron became MP for Witney. It is now worth £1.3million.
Last night a Downing Street spokesman said: “People often change mortgages. It’s a common practice. We didn’t know what the referendum result would be.”
We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368
