Just over 40% of landlords say they are undecided on who to vote for on July 4 –  it a bigger proportion are worried about what a Labour government would mean.

When asked how they intend to vote, 41% said they don’t yet know which party they will choose. Nearly a third of landlords (31%) said they will vote Conservative, while 12% said they will choose Labour. 

Slightly more than 5% said they intended to vote for the Liberal Democrats and one-in-10 chose ‘Other’.  

Of the undecided, the largest proportion is those landlords with portfolios of four to 10 properties (35%), while landlords with 20 or more properties make up a quarter. The majority of those undecided operate within a limited company (69%). 

But the survey – by the lender Landbay – also found that nearly half of landlords (48%) have concerns about a potential change of government. 

When explaining their reasoning, respondents described Labour as “anti-landlord” and a potential government offering “too many unknowns”, with many of the policies of the two main parties seeming closely aligned. 

Others said that their vote will go to the party that will reduce the heavy tax burden facing landlords.

One landlord said: “A Labour government will be traditionally landlord unfriendly. Conservative policies of recent years have also been far too punitive to landlords.” 

Another said: “Everyone is anti-landlord. With a lack of affordable housing, we are the scapegoats. They have increased our tax and compliance burden. The left is making it worse.”

The findings form part of a survey which questions landlords on a variety of topics to determine their attitude and intentions. The survey uncovered the key factors facing landlords and their thoughts onupcoming regulation and the future of the buy to let market. 

John Goodall, chief executive of Landbay, says: “Now that the election has been called, it is clear that landlords still need further reassurance from Labour about their plans forgovernment and their policy for the sector. 

“The UK needs a strong private rental sector that can support investment and has the ability to scale in order to provide housing to millions of households. 

“We therefore urge Sir Keir Starmer to make clear his plans on housing and how his party will recognise the critical role of landlords and the private rental sector in the UK’s housing mix.”