Landlords getting younger
18 May 2004
Landlords are getting younger and younger, new research from mortgage lender, Bradford & Bingley, has revealed.
The survey found that from the 1,300 new landlords B&B registered during the first quarter of this year, 30 per cent were aged between 26 and 35.
It seems many people in the younger generations are now turning to buy-to-let to help them get on to the first rung of the property ladder or simply as a way of putting money away for the future.
"It's interesting to note that the younger generation are choosing buy-to-let as an investment option," said national lettings director for Bradford & Bingley, Judienne Wood.
"They see a market that has historically recovered from any downturns and represents a sound long-term investment."
The largest landlord group comes from the 36 to 50 age range (45 per cent), while the over 50s make up 24 per cent of the market.