Property is pastime, not profession

The lender's annual Landlord Index has shown that only one in 25, or less than 5 per cent, of landlords regard the management of their bricks and mortar assets as a full-time profession.

Indeed the issue of building up assets has taken the place of investing for income purposes, with more than half of landlords admitting to investing purely for the asset value of property, be it for their pension fund or their child's future.

It might not be the prime reason for investing anymore, but income does play a significant role. For one in ten, the funds generated by their properties make up at least half of their monthly incomes.

Almost a third of today's landlords are over 55 and four out of ten are women.

Women are more cautious than men though and 50 per cent of those in the market today have invested purely for their pension pot.

Men favour the immediate cash generated by renting a property out with one in five citing it as the prime reason for investing. Indeed 22 per cent of male landlords make more than a quarter of their income from their rental property.