Contrary to the general belief that most twentysomethings can barely get on the property ladder to buy a home for themselves to live in, these new buy-to-let investors are bucking the trend and getting a proper portfolio under their belt.
This emerging band of investors is currently extending its reach even further into the sector, as the research also shows 16 per cent of property investors have between one and three properties, a statistic which has jumped by two per cent in the last six months alone.
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Managing director of Mortgage Trust, John Heron, commented: Traditionally buy-to-let has been perceived as something for the more mature investor, 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.
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The average investor expects to hold onto their initial property for nearly 11 years, showing that the younger generation are definitely in it for the long haul especially when considering a quarter stated that their primary motivation for purchasing a rental property was so it could serve as a retirement fund.
Heron continues: We are seeing a new generation of young people who are preparing for the future by making long term financial plans. New landlords are looking at an investment that will see them safe for the long term possibly even into retirement. They are choosing buy-to-let because, at a future point, they can either sell the properties, netting a lump sum; or hold onto the investments and continue to benefit from a regular income stream that can supplement other forms of pension provision.
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