Around two-thirds of landlords say they intend to invest further in their portfolios, even as uncertainty continues to hang over the private rented sector.

A new survey from a property management and finance platform reports that 66% of landlords are planning some form of “growth activity” — from buying additional properties to refinancing or carrying out refurbishments — despite the heightened uncertainty triggered by the recent Budget.

The research shows a split market while plenty of landlords are still pushing for growth but there is a substantial minority now looking to sell or step back as rising costs and tax burdens reshape their plans.

The survey shows landlords reassessing both rent levels and how they structure their businesses in the wake of the Budget. Nearly half of respondents — 49% — identified property income tax rates as their biggest concern, with a further 25% pointing to higher dividend taxes.

The shifting tax landscape is also pushing some landlords to revisit the idea of incorporating. Sixteen per cent now see moving to a limited company as a priority, and 12% are actively preparing to do so. Even so, 46% say the costs of switching remain prohibitive, while 26% already operate through a company structure.

Landlords are also adjusting their business models: 41% expect to raise rents, 19% are weighing up incorporation, and 12% plan to scale back their portfolios.

A spokesman for the platform says: “While the Budget has increased scrutiny around costs, tax and ownership structure, our latest survey shows that many landlords remain focused on growth and active portfolio management. They are adapting their approach rather than stepping back.

“The data also highlights that confidence in the market is clearly divided, with some landlords opting for a cautious approach and others perceiving opportunity. That balance is significant when brokers and lenders are supporting funding and investment decisions going into 2026.”