Age of landlords falling

Investors as young as 20 are turning to property as a long-term investment, research from The Mortgage Business reveals.

The HBOS subsidiary says that one in 10 of its buy-to-let customers in 2001 was in the 20 to 29 age group. Over 40% were in the 30 to 39 age group. Over 50% of investors were under 40 in 2001, a growth of 10% from 2000.

Investors are also becoming more prudent. TMB&#39s research shows that deposits of 25% or more from investors in the 20 to 39 age group have increased from 23% in 1998 to 28% in 2001.

Mark Bergin, director of sales and marketing at TMB, says: “Our research shows that buy-to-let is growing in popularity amongst younger people, which may indicate that they have higher incomes and that people are investing more in property rather than traditional stockmarket investments.”