Those in their 40s are in the most likely group to become first-time landlords, a recent survey reveals
Between 40 and 49 years old is the most common age for those becoming a landlord for the first time, according to a new survey by Rentguard Insurance.
Some 40% of those purchasing a buy-to-let investment for the first time were in this age bracket.
They were followed in second place by those in the 50+ age bracket (24%) and those aged between 30 -39 (19%).
The landlord insurance specialists asked customers the question ‘How old were you when you first became a landlord?’ on the Property Eye section of their website.
Perhaps surprisingly, 17% of those surveyed were aged just 20-29 when they became a landlord for the first time.
“The results show that those in their 40s are thinking ahead and looking towards property as an investment for their money,” said Steve Jones, director of Rentguard.
“With the recent relaxing of pension rules we expect the fifty plus bracket, and even those in their 60s, to be the biggest growing group over the next year or two,” added Jones.
According to a report earlier this year by the Halifax, the average age of a first buyer of an owner occupied property was 30 years old, up from 29 in 2011.
The region with the oldest average age of this type of buyer was London at 32.