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12.7.09 Council Leader Keith Moffitt Makes Huge Profit

Here in Camden some leasehold flats are being sold for a very juicy profit and certain Camden council members have profited very handsomely.

Lib-dem council leader Keith Moffitt made a very tidy profit when he sold his leasehold flat at 39 Buckingham Mansions NW6 last year.

The leasehold was bought at a knockdown price of £100,000 in 2002 and sold 6 years later for a staggering £965,000.

Cllr Moffitt made a whopping £865,000 profit!