Growth plans persist even as confidence splits across the market
Two-thirds of UK landlords are planning growth activities in 2026 despite increased uncertainty following the recent Budget, according to a survey by property management platform Lendlord.
The survey, conducted in December 2025 among UK landlords using the Lendlord platform, found that 66% of planned activity relates to growth, including acquisitions, refinancing, and refurbishments. The report suggests landlords are continuing to actively manage and expand their portfolios rather than retreat from the market.
Acquisition remains top priority
Property acquisition emerged as the single largest area of planned activity, with 23% of landlords intending to acquire additional properties over the next 12 months. A further 22% plan to refinance properties, while 21% intend to carry out refurbishments to increase value.
The findings indicate that 58% of landlords expect buy-and-hold to be their main investment strategy for 2026, demonstrating a preference for long-term, stable investment approaches.
Mixed market outlook
Despite these growth plans, the survey highlighted a more cautious backdrop, with a significant minority planning to sell or pause investment. Around a third of landlords said they would either sell properties or pause new investment as cost and tax pressures continue to shape decision-making.
Confidence in the UK property market remains closely divided. The survey showed that 45% of landlords described themselves as very confident, while 43% reported being very concerned about market conditions.
Notably, 33% of landlords said the Budget has increased their appetite for investment, suggesting some view the current environment as presenting opportunities rather than obstacles.
Tax and structural changes under review
The survey revealed that landlords are reviewing rent levels and ownership structures in response to Budget changes. Property income tax rates emerged as the primary concern for 49% of respondents, followed by dividend tax rate increases at 25%.
Tax changes are prompting renewed consideration of limited company structures, with 16% of landlords saying this is now a priority and 12% actively planning the transition. However, 46% indicated that transition costs remain too high, while 26% are already operating through limited companies.
Business model adjustments are also underway, with 41% of landlords planning to increase rents, 19% considering a move to a limited company structure, and 12% planning to reduce portfolio size.
“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,” said Aviram Shahar (pictured), co-founder and chief executive of Lendlord.
“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.”
The research draws on Lendlord’s community of more than 75,000 UK landlords.
