A group of 75 landlord MPs are set to make at least £4 million from their tenants during the lifetime of this Parliament, according to analysis by The i Paper.
Housing campaigners expressed outrage that politicians were making millions of pounds from renters, with some calling for an overhaul in the rules around MPs’ incomes.
Fresh anger and scrutiny comes after The i Paper revealed that Labour MP Rushanara Ali had hiked the rent at her east London townhouse by £700 following the removal of four tenants.
Ali resigned her role as homelessness minister in the wake of this newspaper’s story and accusations of “staggering hypocrisy” from both housing groups and opposition parties. In her resignation letter, Ali insisted she had “at all times” followed “all relevant legal requirements”.
Labour is now the biggest party of landlord MPs in Parliament, according to new analysis. It marks a major shift since the last Parliament, when the Conservatives had the most MPs taking in rent money.
There are now 38 Labour MPs who make at least £10,000 a year from residential rental income – the level at which they are required to declare their property portfolio in the register of members’ interests.
The increase in Labour’s share of landlords reflects the altered make-up of the Commons after Keir Starmer’s huge election victory. But it also reflects a large number of new, mostly younger Labour MPs – 20 of the group – who entered Parliament as landlords.
Some 26 Tory MPs, seven Liberal Democrat MPs, two independents, one Reform MP and one Green Party MP are also landlords making at least £10,000 a year.
There are no rules to stop MPs making as much as money as they wish – both from second jobs and rental income – on top of their £94,000 salary.
The current group of 75 landlords in the Commons earning over £10,000 from rent means they will make at least £750,000 a year from their tenants – or £3.7m during the life of the current five-year parliament.
However, the sums are an underestimate, since several MPs have multiple properties. The majority of the flats and houses are in London, where they would be expected to make well over £10,000 a year.
Chancellor Rachel Reeves and her husband are reportedly making £74,000 a year from renting out their former south London home for over £6,000 a month. The register shows she and her partner have been letting it out since September.
Labour Chancellor Rachel Reeves and former Tory chancellor Jeremy Hunt earn over £10,000 a year from their property portfolio (Photos: Justin Tallis-AFP via Getty Images / Dan Kitwood-Getty Images)Several MPs have small property empires. Labour’s Jas Athwal is the biggest single landlord in Parliament. The MP for Ilford South rents out 15 flats in London that he co-owns with family.
Athwal said he was “profoundly sorry” and “sickened” by the state of his own flats after a BBC found black mould and ant infestations in several them last year. The Labour MP has since replaced the agency managing the homes.
“All of my rental properties comply with relevant regulations,” Athwal told The i Paper. “All previously raised issues were rectified straight away and any issues arising in routine maintenance checks are dealt with promptly.”
Bayo Alaba, the Labour MP for Southend East and Rochford, gets rental income from seven properties in London which he co-owns with a family member.
Labour MP Jas Athwal previously said he was ‘sickened’ by the state of his own properties (Photo: Yui Mok/PA Wire)Alaba told The i Paper he was a “stronger supporter of tenants’ rights”, adding: “I have always gone out of my way to help my tenants, and several times waived rent arrears when I knew people were struggling.”
Conservative party chairman Kevin Hollinrake – who criticised Ali’s treatment of her tenants this week – has a major property portfolio of his own.
The MP for Thirsk and Malton owns five properties in York, four of which he gets a one-third share of the rental income, receiving a half-share of the income the other.
A Tory spokesperson said Hollinrake’s interests “have been properly and transparently declared in line with parliamentary rules”.
They added: “No one had a problem with the former homelessness minister being a landlord – her problem arose due to her blatant hypocrisy.”
Tory chairman Kevin Hollinrake has small property empire in York (Photo: Ian Forsyth/Getty Images)Former Conservative Chancellor Jeremy Hunt is another of the biggest landlords, renting out seven flats in Southampton and another in Italy, which he co-owns.
Jae Vail of the London Renters Union called for radical action – urging the Government to find a way to ban MPs from being landlords.
“It’s a blatant conflict of interest that MPs are making millions from struggling renters,” said the campaigner.
“It’s time for the government to ban landlords from Parliament and start working for ordinary people, investing in council housing and capping rents.”
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Generation Rent’s chief executive Ben Twomey said the ex-homelessness minister’s “shocking” behaviour was a “wake-up call to government on the need to push ahead as quickly as possible to improve protections for renters”.
The Renters Reform Bill, expected to pass and be in place next year, is aimed at ending “no-fault” evictions and increasing tenants’ rights.
Ali had re-listed her east London townhouse at £700 a month higher rent within six months – something her party is currently trying to outlaw under the bill.
Generation Rent said Labour should had time to toughen the bill. The length of time that landlords should be banned from re-letting after removing a tenant to sell the property should be increased from six to 12 months, said Twomey.
Renters’ union ACORN joined calls for Labour to go even further and bring in rent control. The group said rent payment caps were needed in the private sector “to prevent the extortionate exploitation”.
A spokesperson for the National Residential Landlords Association (NRLA) said calls for MPs to be totally banned from being landlords was “fuelling an unhelpful narrative that providing homes to rent is a bad thing” when was demand outstripping supply.
They added: “Being a landlord is not a bad thing. For MPs, it is vital that when deciding whether to rent out property, they have the time to fully meet the responsibilities of being a landlord.”
A spokesperson for the Ministry of Housing, Communities and Local Government said the Government was focused on “improving standards and security for tenants” and would deliver the renters’ rights legislation “swiftly”.
Reeves and Hunt were contacted for comment.
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