Dedicated Accounts
LettsPay provides letting agents with a digital account per landlord; all funds in this account are dedicated to the landlord.
Bank account per landlord
LettsPay are proud to have partnered up with Griffin. Griffin is a bank and full-stack banking-as-a-service (BaaS) platform regulated by the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA). Griffin offers automated onboarding and bank accounts for safeguarding and client money.
Each eligible account is FSCS protected.
Accounts are managed through LettsPay’s state-of-the-art cloud-based portal. You no longer have to manage the bank and accounting software as LettsPay automate both in a single system. No more CSV files and spreadsheets!
All the payment data is automatically collected, reconciled and available to be paid out immediately to your landlords.
Seemless reconciliation
The tenant pays directly into the landlord account, not a single client account.
Real-time data on tenant payments. Pay your landlords immediately, no more waiting for BACS runs or end of the day processing. As soon as the payout is approved it goes directly to the landlord.
