Rushbrook & Rathbone analysed average void periods and found that landlords now lose an estimated £1,135 in rental income every time a property sits empty.
Data from the BTL lender highlighted both the scale of investment across the private rented sector (PRS) and the mixed returns landlords report receiving.
The Benham and Reeves analysis found that lost rental revenues due to void periods have increased by 19% over the past year.
A-VoidTMÂ has been designed to help student landlords cope with the potential void periods that the Bill will introduce.
Although December rents were down, they were still up over 3% from December 2023.
The average monthly price for a rental property in England dropped to £1,205 in November, a £33 decrease from last month's £1,238.
Rents across England rose by over 1% between April and May. This means rents are now 6% higher year-on-year.Â
The cost of a rental property in England during October was £1,189 –compared to September’s £1,346.
Specialist lender Hodge has made a third rate cut across its range of mortgage products since the start of the year.
The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since the metric was first tracked in 2017.
The biggest shift in voids in November was seen in the East Midlands, where averages dropped from 24 days to 16, a 33% reduction.