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September 17th, 2012 
FAKE NEWS for the Zionist agenda - Former PM receives seven-figure mortgage from JP Morgan, who pay him £2.5million a year for advice
- Source speculates that Mr Blair has secured the finance to purchase ‘a place in the sun’
- Mr Blair’s office denies that he received ‘preferential terms’ from the bank because of his work with them
By
Colin Fernandez
12:51 EST, 16 September 2012
|
04:11 EST, 17 September 2012
Lines of credit: Tony Blair has taken out a £4.2million loan from JP Morgan against his central London home
Tony Blair has taken a £4.2million loan secured against his family home from the US bank he advises, it emerged yesterday.
The former Prime Minister received the seven-figure mortgage from JP Morgan, which pays him £2.5million a year for his advice.
It was unclear last night why Mr Blair needs a capital injection of £4.2million, with his office declaring it a ‘private matter’.
In the past he has taken out mortgages on his properties to help fund further investments, and sources suggest he may be looking for an overseas home to add to his portfolio.
One said yesterday: ‘It would not surprise me if Blair was hunting for a place in the sun, somewhere like the Caribbean or Tuscany.
‘He doesn’t ski, so you can rule out a chalet.’ Mr Blair’s £17million property portfolio already includes homes in central London, in the country and properties for each of his three elder children.
The latest mortgage is secured against the family home in Connaught Square, central London – purchased in 2004 for £3.65million.
Mr Blair later extended it by buying the mews house behind and the property is now worth an estimated £7.5million.
In addition, Mr Blair and his wife Cherie own a seven-bedroom mansion in Aylesbury, Buckinghamshire, worth £5.75million – where, as revealed in the Daily Mail, they are undertaking elaborate renovations.
They have also bought three houses worth between £1.5million and £1million for their children Nicky, Euan and Kathryn.
Consultancy work: JP Morgan’s New York City headquarters. Mr Blair’s office denied speculation he received preferential treatment from the bank
And in 2010, there was speculation
that Mr Blair was set to buy a £4million home on Barbados after he spent
three consecutive summers while Prime Minister staying at Cliff
Richard’s six-bedroom villa on the island’s exclusive west coast, though
nothing came of it.
Mr Blair’s lucrative consultancy
services and other work since leaving politics are thought to earn him
around £20million a year.
Last week it emerged that the former
Labour Party leader helped mediate a deal between mining giant Xstrata
and commodities trader Glencore, on which JP Morgan is a key advisor –
though Mr Blair’s involvement is said to be separate.
Yesterday his office denied
speculation that he received the loan on ‘preferential’ terms from the
bank for helping to mediate on the merger.
Security: Mr Blair’s home in Connaught Square, central London, which he has put up for collateral on the loan
He was called in to help by Glencore chief executive Ivan Glasenberg.
Qatar, a key investor in Xstrata, insisted that Glencore raise its offer or it would veto the deal.
The Sunday Times reported that Mr
Blair was asked by Mr Glasenberg to hold a meeting at Claridge’s, the
five-star hotel in Mayfair, with Qatar’s prime minister, Sheikh Hamad
Bin Jassim Bin Jabr Al-Thani.
It is thought the sheikh accepted the
deal after Mr Blair secured an improved offer – although it will only
be finalised in a few weeks’ time.
He is understood to have earned a
£620,000 fee for easing the merger’s path, and is in addition likely to
earn a seven-figure ‘success fee’.
He is also said to earn £1million a year advising Zurich Financial Services.
A spokesman for Mr Blair’s office
said last night: ‘This isn’t a mystery, it’s a non-story about
someone’s private mortgage arrangements.
‘The mortgage has nothing at all to
do with Mr Blair’s work for JP Morgan and any suggestion of preferential
treatment is incorrect, untrue and quite frankly total nonsense.’
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Best Tory PM ever.
The truth is out
,
Somewhere,
17/9/2012 20:17
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What does he advise that is worth 2.5million? There is something quite wrong with the sums of money this chap receives. Its disgusting and ludicrous. And his wife gets her fees from taxpayer funded legal advice – something very, very wrong here.
BP
,
Vienna and UK, United Kingdom,
17/9/2012 19:58
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Not quiet the Labour man now is/was he ever? Wont live long enough to spend all of it as will all these so called celebs flaunting their wealth! Why do we still pay for his security does he contribute anything? Where does he pay any Tax if anything? Silly question! Oh the Rich Dont Pay Taxes do they?
Silverspurs
,
Hove UK, United Kingdom,
17/9/2012 19:44
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just hope this piece of filth dies before me, I want to be around to celebrate
UKIPUKIP
,
Manchester,
17/9/2012 19:29
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You’ll never find a poor socialist but then Bliar and his ilk are all hypocrites to a man and woman.
Trepoopuddle Martyr
,
Helston Cornwall, United Kingdom,
17/9/2012 19:28
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It is with great hope in my heart that this scot screws his own finances up as he and his colleague has screwed the nations finances. I would love to see him at a job centre along with his family. Oh if this could be so.
it is true
,
England somewhere in the SW,
17/9/2012 18:18
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why is this man given any publicity – the press and broadcasters seem
totally without any common sense ?
Hopefully he is digging a hole big enough to bury himself in. !
whitesandwich-13
,
sandwich, United Kingdom,
17/9/2012 17:54
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maybe they are paying him for his advice so they can do the exact opposite of everything he recommends
charliechan
,
China,
17/9/2012 17:46
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Do I envy this horrible mans fortune? Not one bit, every penny I have ever earned as been an honest one. I will however rejoice when Tony Bliar wakes up one day and realises that his ill gotten gains cannot be transferred to the place he will ultimately end up in, having Saddam Hussein on one shoulder and Colonel Gadaffi on the other he will feel as out of place as Cameron does with Clegg perched upon his shoulder now!
DB1
,
Nottingham ENGLAND, United Kingdom,
17/9/2012 17:32
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Why would anyone pay him for advice? it just beggars belief.
Dave
,
West Lancs,
17/9/2012 17:25
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