Mortgage Mole: PM plans ahead


Intrepid Mole, digging up the stories behind the news

PM plans ahead

Mole was intrigued to learn that David and Samantha Cameron took out a new mortgage just before the EU referendum.

According to The Daily Mail, the couple signed a home loan agreement with HSBC on 15 June – eight days before the country went to the polls and on a day that Cameron also had to contend with Prime Minister’s Questions.

Mole wonders whether Cameron was already expecting to lose the referendum argument and was preparing for his departure from Downing Street. Given that the UK could now be facing some turbulent times ahead as the markets, the Bank of England and mortgage lenders respond to the Brexit decision, perhaps David and Samantha opted for one of the lender’s 10-year fixed rates to safeguard against an uncertain future?

The mortgage was taken out on the couple’s £3.5m Notting Hill townhouse. The Camerons are set to leave No 10 within three months, once a new Prime Minister has been chosen. According to The Mail, Samantha and David have been earning £7,000 a month by renting out the property since moving to Downing Street in 2010.

Mind over matter

Mole would like to congratulate 11 staff from Leeds Building Society who raised more than £4,000 for mental health charity Mind by completing a 10-hour Lake District walk.

The team, who are managers at the Society’s branches in Leeds, completed the Buttermere Horseshoe Challenge covering 22km and climbing to a height of 5,800 feet. They were also joined by an employee of Legal & General. The group raised £4,200 for Mind.