Buy-to-let mortgages attract young investors

More young people are becoming aware of the benefits of home ownership and then renting out for profit.

Many mortgage providers such as Barclays, Mortgage Express and Northern Rock are finding that more young people are investing in property for the sole purpose of renting it out (below statistics are provided by the Mortgage Trust).

Over a quarter of new investors who own only one buy-to-let property are now under 35.

Up 2% on November 2006 figure is that around 16% of all buy-to-let investors with two or three properties are aged between 26 and 35.

Speaking on behalf of Mortgage Trust, John Heron, stated: "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."

"We are seeing a new generation of young people who are preparing for the future -by making long-term financial plans."