One third of UK adults aspire to own BTL property, study finds

One in three (33%) UK adults want to own a buy-to-let (BTL) property in the future, a new study by Market Financial Solutions has shown.

The figure climbed to 54% among those aged between 18 and 34, as the lender’s research revealed that aspiring BTL landlords intend to purchase their first rental property through a variety of diligent saving habits, working extra shifts and seeking the support of family members.

Market Financial Solutions commissioned research agency, Opinium, to survey a nationally representative group of 2,000 UK adults. Of those with aspirations of being a landlord, the study uncovered that 52% are setting aside money each month to make this dream a reality, while 44% had worked extra hours to help them earn more and achieve this goal.

A third (33%) of those who want to buy a BTL property said they are currently living with friends or family members to allow them to save on rent or mortgage payments, with 30% saying they would ask for financial support from family members to enable this purchase.

Of the aspiring landlords who currently do not own their own home, 24% also said they would consider buying a BTL property before becoming a homeowner.

Market Financial Solutions CEO, Paresh Raja, commented: “Millions of Britons still have ambitions to invest in property and become a landlord.

“But with the rise in property prices over the years, would-be BTL investors today may find it more challenging to build a portfolio than was the case 20 or 30 years ago, which is why it’s so interesting to see the different financial strategies they are deploying to turn their ambitions into a reality.”



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