First Time Landlords are in Their 40s
By |Published On: 8th May 2015|

Home » Uncategorised » First Time Landlords are in Their 40s

First Time Landlords are in Their 40s

By |Published On: 8th May 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

First Time Landlords are in Their 40s

First Time Landlords are in Their 40s

The most common age to become a landlord is between 40-49-years-old, revealed research by Rentguard Insurance.

40% of those buying to let for the first time were in this age range. The second most common age is in the 50+ bracket at 24%, followed by those aged 30-39 at 19%.

The landlord insurance firm asked customers: How old were you when you first became a landlord? on their website.

Somewhat shockingly, 17% of respondents were just 20-29-years-old when they purchased an investment property.

Director of Rentguard Steve Jones says: “The results show that those in their 40s are thinking ahead and looking towards property as an investment for their money.

“With the recent relaxing of pension rules, we expect the 50+ bracket, and even those in their 60s, to be the biggest growing group over the next year or two.”1

In a report conducted earlier this year, the Halifax found that the average age of a first time buyer purchasing an owner-occupier property was 30-years-old, up from 29 in 2011.

London was the region with the oldest first time buyer, at 32.

1 http://www.landlordexpert.co.uk/2015/05/07/first-time-uk-landlords-are-most-likely-to-be-people-in-their-40s-survey-reveals/

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

Share this article:

Related Posts

Categories:

Looking for suitable
insurance for your
investment?
Check out our four
covers for landlords