Landlords getting younger every day

Posted: 20 Mar 2007 09:57:00 GMT


            Property News - Landlords getting younger every day

A quarter of buy-to-let investors with just one property in their portfolio are aged between 26 and 35, research for the Mortgage Trust has found

A quarter of buy-to-let investors with just one property in their portfolio are aged between 26 and 35, research for the Mortgage Trust has found.

The number of landlords aged 35 or less with up to three properties has also increased from 14 per cent to 16 per cent within the last six months, the figures showed.

"Traditionally buy-to-let has been perceived as something for the more mature investor," claimed Mortgage Trust managing director John Heron.

"However, recently we have been witnessing an increase in the number of younger professionals choosing to make a considered and long term investment in property."
 
The average investor plans to keep their property for at least 11 years said the research, and a quarter said that their investment was part of a pension plan.

"We are seeing a new generation of young people who are preparing for the future by making long term financial plans," added Mr Heron.

"They are choosing buy-to-let because, at a future point, they can either sell the properties, netting a lump sum; or hold on to the investments and continue to benefit from a regular income stream."


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