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Is yesterdays budget by George Osborne a game changer for buy to let landlords?
It has been confirmed in the Autumn statement 2015 by the Chancellor that Stamp duty costs will increase by 3% for buy to let landlords and people buying second homes from April 1st 2016.
Further to his summer Budget, whereby the chancellor said that landlords would only receive the basic rate of tax relief – 20% – on mortgage payments, a change being phased in from 2017 this is a further statement of intent from the government to potentially curtail the number of new landlords.