A new report from Paragon Bank has revealed a shift in the average profile of UK buy-to-let landlords.

Over the past decade, the average age of landlords acquiring a new rental property through a buy-to-let mortgage has fallen. According to the report, this is driven by strong growth in the proportion of landlords in their 30s.

The data shows that the average age has fallen from 46.4 in 2014 to 42.9 in 2023. In 2014, only 21% of purchases made with a buy-to-let mortgage were carried out by landlords in their 30s, but this has jumped to 31%, according to last year’s figures.

Paragon’s report includes data concerning landlords with one to three properties who intend to expand their portfolio. The report was created by analysing UK finance data, and 500 landlords were surveyed.