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Mandy's [pounds sterling]750,000 mortgage ( It's five times his salary and he still had [pounds sterling]1.65m deposit ); Questions over where Mandelson got the cash to put down deposit on his new house.
- Article from:
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The Mail on Sunday (London, England)
- Article date:
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November 26, 2006
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Copyright informationCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DANIEL BOFFEY
PETER MANDELSON faces fresh scrutiny after documents revealed that he put down a [pounds sterling]1.65 million deposit on his new London home.
The European Trade Commissioner took out a mortgage of just [pounds sterling]750,000 on the [pounds sterling]2.4 million peach-hued property this summer, according to Land Registry papers.
Questions remain over how the former Cabinet Minister found the funds to make up the rest of the purchase price, plus another [pounds sterling]100,000 for stamp duty and legal fees for his new home in fashionable Regent's Park.
Mr Mandelson, who earns [pounds sterling]155,000, received half of his mother's ...
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