Women now account for 40% of landlords
By |Published On: 20th April 2017|

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Women now account for 40% of landlords

By |Published On: 20th April 2017|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Women now account for two in five landlords, with most using property in order to top up their monthly income.

Analysis of tens of thousands of landlords from Simple Landlords Insurance shows that 40% of landlords are now women. In comparison, just 17% of SME owners are female, which indicates that property could be moving towards equality at a quicker pace than other industries.

Goals

The investigation also showed that male and female investors have different goals for their investment. 63% of female landlords said using rent for monthly income was their goal, compared to 53% of men.

In addition, the research found that women are more likely than men to have become accidental landlords. 48% of female landlords said that they were ‘deliberate’ buy-to-let investors, in comparison to 61% of men.

Women were found to be more likely to have become landlords after moving in with their partner and renting out their own property.

Women now account for 40% of landlords

Women now account for 40% of landlords

Acceptance

What’s more, female landlords are more likely to provide rental accommodation to a more diverse spectrum of tenants than men.

35% of female landlords said that they would rent their property to housing benefit tenants, in comparison to 25% of men. Women were also found to be more inclined to renting to students, pensioners and single tenants.

Alexandra Huntley, Head of Operations at Simple Landlords Insurance, observed: ‘As recently as 1970 women could be refused a mortgage without a male guarantor. But buying, selling, renovating, and renting property is no longer just for the boys. Those stereotypes are firmly consigned to history. Women have been steadily gaining ground over the last 50 years and are increasingly gaining financial independence through property investment.’[1]

[1] http://www.propertyreporter.co.uk/landlords/rise-of-the-modern-landlady.html

 

 

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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