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If MP’s are claiming for mortgage interest don’t the public own the property?

I can’t help but get embroiled in the MP’s expenses debate seeing as it’s the only subject the BBC news feed on my website seems to be covering.

I have just this chestnut to offer;

If MP’s are claiming for their second homes but they are actually paying a mortgage with that bill then surely WE the taxpayer own the property?

I was just wondering because I am pretty sure it stipulates in their expenses rules that they are not allowed to gain financially from any claims they make. And I think buying a house for them might constitute a financial gain!

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