http://blogs.telegraph.co.uk/news/davidhughes/8099417/Lord_Mandelsons_mortgage_arrangements_are_causing_a_stir__again/ 'Lord Mandelson of Foy and Hartlepool is today facing uncomfortable questions about his housing finance arrangements. The indefatigable Andrew Gilligan (described by Mandelson at the time of the Hutton inquiry as a âloose cannonâ) has been digging through publicly available records to explore the Business Secretaryâs property dealings. What has whetted Gilliganâs appetite is just how his lordship could afford to buy a ÃÂ£2.5 million villa in Regentâs Park, one of the capitalâs swankier addresses. He apparently made the purchase in 2006 when he was a European Commissioner, with a salary of about ÃÂ£160,000. The purchase price was almost 16 times his salary, which even by credit crunch standards of over-leveraging looks a little excessive. At the time, it was reported that he had helped raise the finance by selling shares in an advertising agency as well as receiving a legacy from his mother. But it emerges the shares were sold a year after the purchase, and the legacy amounted to âonlyâ ÃÂ£452,000. Gilligan reckons that about ÃÂ£400,000 is unaccounted for.'