The ex-PM and his wife borrowed against the family home they’ve owned since 2006 just days before Brexit vote
David and Samantha Cameron took out a new mortgage on their £3.5 million Notting Hill townhouse ahead of last week’s EU referendum.
The Camerons signed a new HSBC mortgage deed dated 15 June 2016 – just eight days before the EU Referendum was to take place – according to the Daily Mail.
Publicly-available Land Registry records show the couples’ signatures were witnessed by Laurence Mann, who gave his occupation as “Political Secretary to the Prime Minister, 10 Downing Street”.
The decision to take a loan out against the property, which wasn’t previously mortgaged, is being interpreted by some as an indication that Mr Cameron knew he would lose the EU referendum vote.
Earlier this year it was reported that the Camerons have earned an estimated £500,000 renting out their house since moving into 10 Downing Street six years ago.
The Camerons bought the four-bedroom Edwardian property for £1.1 million in 2006. They also own a house in Mr Cameron’s constituency of Witney in Oxfordshire.
Cameron has been a vocal advocate of home ownership during his government, implementing Help to Buy and Right to Buy schemes and pledging to turn “generation rent into generation buy”.