Make MPs sell second homes says Clegg

Liberal Democrat leader Nick Clegg is to suggest the radical proposal when he meets the Prime Minister and David Cameron in an effort to end the damaging row over Commons allowances.

Under the plans, MPs would no longer be able to claim their mortgage interest payments on expenses. MPs who already have second properties would be given 36 months before their mortgage interest payments were no longer funded.

Those who sold their second homes would have to return to the taxpayer some of the mortgage interest they had claimed out of the profits.