Tag Archives: Landlords Insurance

40% Of Landlords Are Women

Female LandlordsLandlords may like to set aside some time to read the Simple Landlords Insurance – Women in Property Report 2017 with 500 tenants and 400 landlords participating in the survey. The report contains many interesting statistics one of which is that around 40% of landlords here in the UK are now women.

Compare this with the fact that in the region of 17% of women are owners of business then the percentage of women that are landlords rather stands out. So, what are some of the differences in relation to male and female landlords?

Although the main reason why men and women invest in property is to generate monthly income, females were more likely to do so than men. A larger percentage of men invest for capital growth.

When a new tenant moves into a rental property women landlords are much more likely to speak to them than men. The same applies when the tenant moves out. However, there are a slightly greater percentage of women landlords who never personally speak to their tenants in comparison to male landlords.

Women landlords are more likely to rent to people that are on housing bHome Insuranceenefits as well as students, those people that have retired and single employed people than male landlords. Male landlords are more likely to rent to family tenants than female landlords are.

Most tenants did not mind whether their landlord was male or female. However, 15% of male tenants preferred a landlord that was male and 11% of females preferred a female landlord.

Female landlords were more likely to have a smaller portfolio of investment properties (1 to 2 properties) than men. Male landlords were more likely to have a larger portfolio of properties (3 to 10 plus properties) than female landlords.

Women landlords were less likely than their male counterparts to have bought an investment property to let out with the assistance of a buy-to-let mortgage. More women owned their investment properties outright than male landlords.

It is interesting that women landlords were more confident about the year ahead than male landlords in respect of their investment property portfolios.

More information can be found in the above report that may prove of interest to both male and female landlords.

If you are a landlord then why not get in touch with us here at AIB Insurance on 02380 268 351 and we will be happy to discuss your insurance requirements and obtain quotations from our extensive panel of insurers.

Families Are Biggest Category Of Private Tenant

Families RentingIf you are a landlord you may be interested to read that there are more families with children renting privately than any other type of tenant. That is based upon some research carried out by the National Landlords Association (NLA).

There has been a change in the last 4 years as to which type of tenant occupies a larger percentage of private rented property. Back in 2012 it was young single people that were the major type of householder that lived in private rented homes with 53% of tenants being in that category. The latest research reveals that the largest type of tenants renting privately in 2016 is families with children at 48%.

It is also interesting that 76% of those families taking part in the English Housing Survey that was carried out for the Department for Communities and Local Government indicated that they were happy with how long their tenancy agreement ran for and 79% of those people renewed their agreements or they remained the same when the original tenancy agreements came to an end. This survey also revealed that, in 2014 – 2015, the percentage of families renting privately was 37% compared to back in 2004-2005 when 30% of families were renting in the private sector.For Rent

The research carried out by the NLA and the above survey is perhaps an indication that many families with young children are happy with their landlord and the properties they are renting.

Whilst writing, landlords may also be interested to hear that an NLA poll called the NLA Quarterly Tenant Panel indicates that there has been a large increase in the number of retired people renting privately in recent years. When comparing polls carried out in Q1 of 2016 with Q4 of 2012, these have revealed that there has been an increase of around 220,000 in retired people now renting in the private sector.

Here at AIB Insurance, we are able to arrange landlords insurance as well as suitable cover for tenants who may wish to insure their contents and/or personal belongings. In this respect, why not give us a call on 02380 268 351 to discuss your requirements and obtain a quote without any obligation.