- Senior Tory lives in home bought with government-backed mortgage
- Benefits from interest-free lending while others struggle
- Hypocrite voted to allow massive hikes on student loans
Help To Buy is spun as a government scheme which is offering young people the chance for their family to own a home. Young people like … errrrrrr … 63 year-old Tory MP and eurosceptic leader Peter Bone.
Land Registry documents obtained exclusively by Political Scrapbook reveal that a lender on a property owned by Bone’s wife Jennie and in which the couple are understood to live was bought with a mortgage backed by the Homes and Communities Agency — the public body which underwrites the Help To Buy scheme.
The senior backbencher leaves himself open to charges of rank hypocrisy — having benefited from an interest-free government loan while voting to allow poor graduates to be charged commercial rates of interest on their student loans.
And despite expensive TV ads filled with grateful looking twenty and thirty-somethings, you don’t actually need to be a first time buyer and there is, errrrr, no limit on your income. The schemes have been described as “nothing but an election ploy” which threaten to “distort the housing market”.
Bone told Sky News before his wife bought the property (on estate pictured below):
“This is an excellent scheme, the Prime Minister is absolutely right and I know probably Labour and Liberals are against it which proves it’s right.”
Bone also bumps household income up by £45,000 through making his ‘executive secretary’ wife one of the highest paid MPs’ staffers in parliament. Jennie has also been the star of her husband’s highly tedious PMQs questions framed as ‘Mrs Bone would like to know …’.
The news is the latest episode in the financial travails of the Bones — with the pair quizzed by police over ‘benefit fraud’ allegations after being accused of selling the home of Mrs Bone’s mother to cover their own six-figure debts and to qualify for state-funded elderly care.
There is no suggestion that any of the Bone family have acted illegally. Jennie Bone did not admit liability or wrongdoing in a subsequent out-of-court settlement over care costs.
What’s more, the property has been used as an official address for his Grassroots Out Brexit campaign — which hopes to get its hands on millions more taxpayers’ money by becoming the official ‘leave the EU’ campaign.
Perhaps Peter Bone can let David Cameron know what his wife thinks about the Help To Buy scheme at PMQs.