Estate experts forecast that increasing numbers of buy-to-let landlords will be rushing property purchases through prior to the April 2016 deadline for stamp duty hikes bought in by the Chancellor. Many pundits feel that the three percent rise in stamp duty is likely to bring down the prices of property while also pushing rents up. The Institute for Fiscal Studies has condemned the move, saying it will depress property prices over the long term while forcing higher rents on tenants as landlords strive to recoup their costs. The Institute estimate that up to 50,000 buy-to-let purchases will take place before the April deadline, although insiders say that there seem to be several ways to get around the stamp duty issue.
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