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George Osborne, caused Bingham landlords to ask whether buy to let is a viable option, announcing that landlords, when buying another buy to let property from April 2016 will have to pay an additional 3% stamp duty on top of the standard rate.
The cost of renting a home in Bingham has broken through the £550 a month barrier as the average rent for a property in the town, now stands at £572 per month, a rise of 1.6 % last month, leaving rents for new lets 6.6% higher than 12 months ago.