A company owned by a nationalist MP linked to a mortgage fraud investigation boasted about flogging Scottish social housing to English investors at dramatically reduced prices, Scrapbook can reveal.
SNP business spokesman Michelle Thomson MP has been forced to resign the party’s whip in the Commons in the wake of a police investigation into potential mortgage fraud on property deals in which she profited.
Building a portfolio is thought to be worth nearly £2 million, a Sunday Times investigation (£) also accused Thompson of exploiting desperate families needing a quick sale to pay off debts. This from the register of interests:
But whatever the outcome of the Police Scotland probe, materials published by her company Your Property Shop Ltd do not augur well for political career — specifically citing Margaret Thatcher before saying of the potential profits from right-to-buy: “Yippee!!”
“Many of these same homeowners find themselves now with huge equity in their homes and are able to sell at hugely discounted rates and still pocket a handsome profit. So a ‘win win’ for both the vendor and the investor. Yippee!!
This hardly sit well with her party’s position on right-to-buy:
“It is vital that we increase the supply of social housing in Scotland and that is why right-to-buy must end.
“Ending Right to Buy, along with other measures in the Housing (Scotland) Bill, will help safeguard housing stock for future generations.”
And what was Michelle Thomson doing to safeguard Scottish housing stock for future generations?
“Many of our investors from England have been surprised at the standard of ex-council property and the estates in which they are situated.
Selling to the English!