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Youngsters go in for B2L

Mortgage Trust has revealed that a growing number of young people are choosing to become buy-to-let landlords.

Research from the buy-to-let lender shows that nearly 26% of new investors who own a single buy-to-let property are aged between 26 and 35.

This age group also makes up 16% of buy-to-let investors who own up to three properties.

John Heron, managing director at Mortgage Trust, says: “Traditionally, buy-to-let has been perceived as something for mature investors. But recently we have seen a rise in the number of young professionals choosing to make a considered and long-term investment in property.”

Heron says this trend shows that younger people are beginning to see buy-to-let as an investment that will see them through retirement.

Heron adds: “New landlords are looking at an investment that will see them safe for the longer term – possibly even into retirement.

“They are choosing buy-to-let as they can either sell the properties, netting a lump sum, or hold on to them and continue to benefit from a regular income.”

David Whittaker, managing director of Mortgages for Business, says young people are reacting to the deficiencies of their parents’ pension funds. He says that after seeing their parents being let down by their pensions, young people do not want to be in the same situation.

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