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Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

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Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

Premium Estate Agents in St Albans

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    • Selling
      • Sellers Guide
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BTL continues to supplement the PM’s income

By

Gregory Moulton

Posted in Buy to Let, Investing, Property News On April 30, 2018

With savers receiving miserable returns, many shrewd investors are turning to the buy-to-let sector as a means of supplementing their income, and so it comes as little surprise that no fewer than nine cabinet ministers, including the Prime Minister and Chancellor, earn extra cash from rental income.

Both Theresa May and Philip Hammond have rented out their London homes while living at Number 10 and 11 Downing Street respectively.

The PM and her husband, Philip, earn close to £1,000 a month in rental income from a property in central London.

Parliamentary records show that the property, which has been occupied since 19 August 2017, is worth more than £100,000 and brings in a rental income of over £10,000 a year.

But given that the flat is listed as being located in central London, it is surprising that it carries such a low valuation.

The modest property may have acted as the MPs second home when she was in London, prior to moving in to Downing Street.

Her predecessor, David Cameron, earned £500,000 renting out the family home in Notting Hill while he was in Number 10. 

Last week the Health Secretary, Jeremy Hunt, was forced to apologise for breaching money laundering rules after he failed to declare a business interest with luxury flats he was renting out.

Communities and Housing Secretary Sajid Javid also rents out property, while Transport Secretary Chris Grayling is a landlord for two properties.

Boris Johnson, Liam Fox, Alun Cairns and Brandon Lewis all own and rent one property.

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

Tue, 17 Apr 2018 12:00:06 GMT

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I would like to thank Gregory, Natalie and all the team for their hard work to complete the sale of my property. I found the service offered exceptional, friendly and professional. I would recommend Moulton Estates for these reasons. Read more Read lessShaughnessy CarolineJuly 29, 2021
I can't recommend Moulton Estates highly enough. Fantastic service, efficient and they know their stuff! They sold our flat quickly and helped us through the whole process. Read more Read lessLindsey LangstonNovember 24, 2016
First class service, So happy with my new home Read more Read lessJamie HambletonAugust 3, 2016
Trouble free sale process. The team at Moulten Estates were always available and responsive, providing clear updates throughout, and proactively chasing the sale through. No hesitation in recommending. Read more Read lessJames DickensMay 8, 2021
After some terrible experiences with 2 other agents (one who basically told me a 1 bedroom flat wasn't worth their while and another who failed to communicate effectively between me & my buyer and didn't listen to instructions) working with Moulton Estates was beyond all my expectations. Gregory and his team were supportive, organised and totally professional. They did everything when they said they would, were in regular contact with my solicitor and followed up with all parties at every stage. Such great service and just what I needed after a fraught year on the property market. I wish I had gone to them first! Read more Read lessRachel GlynnMarch 31, 2022
These guys are amazing! We had such a difficult chain, and they went above and beyond to get us exchanged. Couldn't rate them enough. Very open communication, really managed the chain and always on the end of the phone, when needed. Would definitely use them again. Read more Read lesssabrina SabrinaJuly 12, 2020
Buying a property is usually a lengthy and stressful process, the team at Moulton try to do everything they can to minimise this. Very good at staying in touch with you and keeping you updated regarding progress. Read more Read lessAdam BellamyJune 14, 2021
I would like to say a massive thank-you to Natalie and Greg for the help and support I received with the purchase of my new home. I would definitely recommend this Estate agents ! Read more Read lessJenny CarneyJuly 23, 2021
Absolutely a breath of fresh air compared to other agents, thanks for all your hard work in selling my property so quickly Read more Read lessJamie JonesAugust 3, 2016
Gregory was fantastic. Had the tenacity and killer instinct to make sure the sale went through, when just about everyone else was letting us down. Now happy in our new place! Read more Read lessDavid BaillieJanuary 21, 2021

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