Void periods down for landlords

It has been revealed that the average landlord is experiencing void periods of just two weeks.

The Mortgage Trust has published research showing that 40 per cent of UK landlords took between one and two weeks to find new tenants for their property.

In addition, 30 per cent said that they only had to endure a one week void period.

Commenting on the research, John Heron, Mortgage Trust managing director, said that the figures show that the buy-to-let sector is in good health.

"Much has been made recently of the problems investors have finding tenants for new build flats - and this has frequently been interpreted as being symptomatic of a decline in tenant demand for private rented property generally," he said.

"But speculative gambling on properties with no proven appeal to tenants is not representative of the buy-to-let market," continued Mr Heron.

Rental demand in the UK is at a five-year high, according to the Association of Residential Lettings Agents.

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