Buy-to-let in good shape as void periods fall

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Strong demand for rented property is pushing down void periods, times when a property is not rented by anyone, to new lows according to The Mortgage Trust.

A survey of 140 landlords found the vast majority of property investors take just two weeks to find a new tenant for their property. Overall, three in ten landlords say it took them less than a week to find a tenant, while a further 40% say it takes between one and two weeks. In addition, the proportion of landlords who took more than two weeks to find a tenant fell from 42% last quarter to 28% in the past three months. The overall average time taken to find a tenant has fallen to 13 days, down from 16 days in the third quarter of 2007. John Heron, managing director of Mortgage Trust, s...

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