"Nigel Farage has insisted he has no "financial stake" in a house bought by his partner in his Clacton constituency. The Reform UK leader said the money used to purchase the property was "legally hers", adding: "She bought the house, the deeds are in her name, council tax is in her name." It comes after a BBC investigation raised questions over how Farage's partner, Laure Ferrari, could afford to buy the 885,000 home in Frinton-on-Sea, Essex, without a mortgage."
"There is a higher rate if the buyer already own another property and this would have been due if Farage had purchased the Clacton house himself. Farage has suggested Ms Ferrari was able to afford the four-bedroom home because she comes from a wealthy French family. However, the BBC has examined French property and company records and has been unable to find evidence that Ms Ferrari's parents have the means to fund their daughter's purchase of the home."
Nigel Farage says he has no financial stake in a house bought by his partner and that the money used to purchase the property is legally hers, with deeds and council tax in her name. A BBC investigation questioned how Laure Ferrari could afford the £885,000 Frinton-on-Sea home without a mortgage. Farage denies avoiding more than £44,000 in stamp duty by putting the property in her name. Stamp duty rules impose a higher rate if the buyer already owns another property. Records searched in France show no clear evidence of parental wealth, and Ferrari's company accounts show limited assets and creditors.
Read at www.bbc.com
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