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Landladies looking to buy-to-let

29 March 2006
More women are choosing to become professional landladies by building up a portfolio of properties to rent out.

New research from Landlord Mortgages shows that women account for almost a quarter of the buy-to-let mortgages issued so far this year, 44,760.

The trend also appears to be on the increase, with 24 per cent of buy-to-let mortgages this year made to women, compared with 21 per cent in the equivalent period of 2003.

An increasingly affluent female population was also suggested by the fact that women are paying more per property investment than their male counterparts, an average £142,000 compared to £120,739 for men.

Women are also choosing to put down a larger initial deposit on their property, 24 per cent of the total rather than 20 per cent, thereby reducing the amount paid per month of the mortgage's lifetime.

Lee Grandin, managing director at Landlord Mortgages, said: "It is great to see that the number of landladies is steadily increasing as more and more women realise the investment opportunities offered by residential property."

However, he added that the true number of landladies was likely to be even higher, as 40 per cent of property investors are actually couples.

Landlord Mortgages interviewed more than 20,000 landlords and landladies in the course of the research.

To read more about buy-to-let mortgages, click here.

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