Landlord - not just for the older investor

Released by: Jimwatson

Being a landlord is one way of investing your hard-earned cash

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Keywords: assetz, property investment, overseas property investment, assetz fund management

Update Date: 3/28/2007 7:23:29 AM

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Descrption:
Being a landlord is one way of investing your hard-earned cash, with the prospect of high rental yields and an ever-growing property market tempting many down this path. It also seems that the option is becoming increasingly attractive to younger investors, who may be able to carry out the role every bit as well as their more experienced counterparts, according to one expert.
In fact, Richard Gard, the public affairs officer for the National Landlords Association, claims that often it is these younger professionals who take their commitment to the role more seriously.
" I've noticed that it's the young buy-to-let landlords who are very keen to find out their responsibilities; they realise that they've got responsibilities and they also want to know their rights," remarked Mr Gard, whose job it often is to remind investors of their duties.

He added that despite occasionally attracting a patchy reputation, a large number of landlords go into the role aiming to ensure that they maintain the highest standards of professionalism.

Last week, Mortgage Trust released figures which also seemed to indicate that buy-to-let investors are getting younger all the time, with 26 per cent of landlords with one property aged between 26 and 35. Additionally, the number of Britons in this age group with up to three properties is also growing, reaching a proportion of 16 per cent, up from 14 per cent six months earlier.

John Heron, the firm's managing director, claimed that the data showed that buy-to-let property was becoming an increasingly attractive option to a younger breed of investors looking for serious, long-term profitability.

"They are choosing buy-to-let because, at a future point, they can either sell the properties, netting a lump sum; or hold on to the investments and continue to benefit from a regular income stream that can supplement other forms of pension provision," explained Mr Heron.

Further evidence has emerged over the last few days as to why buy-to-let still seems to be a worthwhile opportunities for these cash-hungry young investors. First-time buyers seem to be increasingly struggling when it comes to that all important first foot on the slippery property ladder - which no doubt will keep rental demand high and raise the chance of investors turning over a profit.

Indeed, research released yesterday by AWD Moneyextra found that first-time buyers need to dig deep and find an average deposit of £37,632. And those who can't afford this exorbitant lump sum will probably be looking for a good landlord - young or old...