The Next Generation Landlord Report, which examines the aspirations of landlords with one to three properties with intention to grow their portfolio, found that the average age of buy-to-let landlords acquiring property with a mortgage fell from 46.4 in 2014 to 42.9 last year. The analysis find the age has been driven by the proportion of purchases amongst landlords in their 30s increasing over the period. In 2014, 21% of purchases with a BTL mortgage were made by a landlord in their 30s, compared to 31% last year. While the proportion in their 40s remained consistent over the period, at 34% in 2014 vs 32% in 2023, there was a more pronounced fall in the proportion of landlords in their 50s and 60s acquiring new property. Those in their 50s accounted for 29% of purchases in 2014, falling to 20% last year, with landlords in their 60s decreasing from 10% to 6%. An inverse of this trend can be seen amongst landlords aged between 18 and 29, who accounted for 6% of purchases in 2014, rising to 10% last year. Separate research from Paragon carried out in May also showed that aspirational future portfolio landlords were predominantly in their 30s. Paragon surveyed 500 landlords with up to three properties and an expressed aspiration to become a portfolio landlord, with the average age of this group at 37.8. The highest proportion of landlords were aged between 25 and 34 (35%), followed by 35 to 44 (31%). Paragon Bank managing director of mortgages Richard Rowntree says: “There is a perception that buy-to-let landlords are an aging group, but the majority of new purchases are concentrated in landlords who are under the age of 50. This group accounted for nearly three quarters of all buy-to-let purchases last year, highlighting that there remains strong investor appetite for rental property among younger landlords.” “There has also been a strong increase in the proportion of landlords in their 20s and 30s purchasing property and these landlords will be the portfolio landlords of the future. With forecast growth in the population of 10% and significant demographic changes, it’s vital we increase the stock of rental homes to keep pace with demand. These landlords need a stable fiscal and regulatory environment to encourage continued investment into the sector.”