Buy To Let Property Market

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The bottom is set to fall out of the buy to let property market in the UK. The government have decided to remove tax relief straight away and raise the stamp duty on houses purchased after April. Although I do feel sorry for some of the landlords who have put every penny into property who now stand to lose the lot.They do stand a chance of getting their money back if they sell their properties quick. Pay off the mortgages on the properties but will no longer have an income. Many landlords went into the buy to let business instead of putting their money into a low interest rate bank account. Although I do feel for some of the landlords who made their living this way. It has come as a great relief to people like my son and fiance as so many homes should come onto the market and he might stand a chance of buying his own home after all.