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News: Void periods falling for UK landlords

Fri, 14 Mar 14

Void periods are falling for UK landlords, as the UK buy-to-let market continues to move from strength to strength.

34 per cent of landlords surveyed by Paragon Mortgages said they had experienced at least one void period in the last quarter of 2013 compared with 36 per cent in the previous quarter. The average duration of a void period also fell from 64 days to 59 days.

"It is good to see that void periods are less frequent and getting shorter. What is also important to note is the resilience of landlords when coping with a shortfall of income on an individual property, this provides further insight into just why the credit quality of buy to let lending is so much better than regular mortgages," said John Heron, director of mortgages at Paragon.


See also: Home Letting Guide for Landlords.

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