Make buy to let mortgage repayments easier by avoiding void periods

28 April 2010

Written by Jeni Browne.

A survey by the National Landlords Association (NLA) has found that 43 per cent of landlords maintain repayments on buy to let mortgages during void periods using their personal savings.

The NLA, which represents 19,000 landlords nationwide, has reported that 52 per cent of buy to let property owners had experienced void periods in the previous 12 months.

Although the figure remains high, it has fallen from 55 per cent since the final quarter of 2009.

David Salusbury, chairman of the NLA, said: "The best way to deal with void periods is to avoid them altogether."

The association advises making sure the rent charged is not too high, maintaining the property and garden, and adding extras such as garden furniture or wireless broadband to attract tenants.

Marketing and communication are also very important in reducing void periods. Using the internet to advertise your property may attract more viewings as well as making repairs swiftly and only raising the rent if it is absolutely necessary.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.