Female Buy To Let'ers
One in four Buy To Let Investors are female
Research on over 20,000 landlords compiled by Landlord Mortgages, the UK’s largest buy-to-let broker reveals that 2006 is the year of the landlady. Since the start of 2006, women have bought over 24% of all buy-to-let property sold which is a significant increase over previous years - 20% (2005), 22% (2004) and 21% (2003).
The research also revealed that landladies, who took out 44,760 buy-to-let mortgages* last year, were more cautious than their male counterparts, putting down a larger deposit (female: 24% - male: 20%) and therefore reducing their monthly payments. However, female property investors did pay more for their average property (female: £142,000 – male: £120,739), perhaps indicating that they preferred to purchase properties in rentable condition rather than undertake extensive renovations.
On a regional basis, the South East, London and the North West have consistently boasted the highest number of landladies since 2004. However, the number of female property investors in the capital appears to be declining, possibly in reaction to the sky-high property prices (see table below for further details).
Table One: Percentage of female property investors in each UK region.
Region |
2004 |
2005 |
2006 |
East Anglia |
9 % |
5 % |
6 % |
East Midlands |
6 % |
4 % |
0 % |
London |
21 % |
12 % |
10 % |
North East |
3 % |
1 % |
0 % |
North West |
13 % |
19 % |
29 % |
Scotland |
2 % |
8 % |
4 % |
South East |
23 % |
19 % |
27 % |
South West |
6 % |
8 % |
10 % |
Wales |
2 % |
9 % |
1 % |
West Midlands |
4 % |
5 % |
9 % |
Yorkshire and Humberside |
11 % |
8 % |
3 % |
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