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Buy-to-let millionaire 'lives in council house', says newspaper Friday 12th August 2011

Posted by Wealth and Inspiration Friday, August 12, 2011


A buy-to-let landlord who is also a Labour councillor has been living in taxpayer-subsidised social housing, it has been claimed.

The Telegraph alleged that Ayesha Chowdhury, who represents the Beckton ward in East London, lived in a housing association property as she and her husband Faiz built up a buy-to-let portfolio.

The newspaper says it was told that Mrs Chowdhury had now moved into a nearby property that she owns.

But the paper alleges that it witnessed a woman “bearing a striking resemblance to Mrs Chowdhury” leaving the housing association property last month. It claims that neighbours said she still lived there, and records continued to show her husband still living at the property.

Mrs Chowdhury’s declaration of interests as a councillor show that she and her husband own 17 properties. The Sunday Telegraph values them as being worth at least £1m.

The newspaper also named a multi-millionaire with a £5m property portfolio as living in a council house in Bethnal Green, London.

Shiraj Haque is said to own a chain of restaurants and a supermarket, plus properties including a £2m house where he is installing a swimming pool.

His landlord, the Peabody Trust, said there is nothing it could do about Mr Haque under current rules.

The Government is drawing up new laws which will prevent anyone earning more than£100,000 from living in a council house.

 

Taken from  http://www.landlordtoday.co.uk/ 

Posted via email from barrydanser's posterous

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