HAMPSHIRE MPs have been asked to pay over more than £20,000 of “profits” made from taxpayer-funded homes, it has been revealed.

Two MPs - Conservative Mark Hoban (Fareham) and Labour MP Alan Whitehead (Southampton Test) - have paid the money in full.

But a third, John Denham (Southampton Itchen), will not complete payments until next January, having reached an agreement with Parliament's expenses watchdog.

The trio are among 29 MPs who were asked to make payments totalling nearly £390,000 to cover any capital gains made over a two-year period.

And one - Conservative Stewart Jackson - faces legal action after disputing the £54,000 he has been judged to owe and refusing to pay up.

MPs were banned from claiming Commons expenses to cover mortgage interest payments in May 2010, in the wake of public anger over abuses of the system.

But 71 with mortgages from the old system were granted “transitional arrangements” for two years, through to last summer.

In return, all agreed to repay a share of any profit made over that period on the value of their home, even if they chose not to sell up.

Of the Hampshire MPs, Mr Hoban made the largest capital gain (£11,332), followed by Mr Denham (£7,894) and Mr Whitehead (£3,339).

Neither Mr Hoban, nor Mr Denham, could be contacted yesterday, but Mr Whitehead said his payment was low because he had a small mortgage.

The former minister claimed less than £5,000 in interest payments over two years, while other MPs received many tens of thousands.

Mr Whitehead said he was happy to pay up, but added: “The unintended consequence is that I now have to rent somewhere in London that is far more expensive for the taxpayer.

“Renting costs a little more than £1,000 a month - but that's what the rules say we have to do.”

The figures, from the Independent Parliamentary Standards Authority (Ipsa), show that Mr Denham has paid £2,500, with £5,394 still to go.

Properties were valued in 2010 and again in 2012. The amount MPs had to repay depended on how much they had claimed, as well as any change in the property's value.