Investor Landlords are coming under increasing financial burdens as highlighted in the summer budget. Not only has George Osborne reduced mortgage interest relief, but as of April 2016 Landlords will no longer be able to claim 10% of rent for fair wear and tear, this will not be limited to sums actually paid, and Landlords looking to extend their portfolio will incur an additional 3% Stamp Duty above the current rates on each additional property purchased. The effect of the proposals has yet to be seen, but one can imagine that small investors may look to start selling their portfolio if they are likely to make a loss rather than profit on the sums received in rental payments, possibly leading to higher rents in the private rental sector.