George Osborne “flipped” the designation of his official second home from his London residence to his constituency home after taking out a £450,000 mortgage on the property.
The Shadow Chancellor bought the Cheshire farmhouse close to his constituency ten months before winning the Tatton seat in June 2001.
Instead of taking out a mortgage on the property he funded the purchase by increasing his borrowing on the London home where he and his wife had lived since 1998.
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