New revenue lines for UK letting agents and property managers
Rent Advance
Rent Collection
Grow Relationships
Cash advances against rent. Direct Debit rent collection.
Both branded as your agency. No integration, no lock-in.
We handle the mechanics, you get the profit.
What rent advance is worth on your book
Set your numbers. See your year.
Advances you close per month10
Your fee after VAT9%
Your VAT status
Who repays you
The landlord's fee is 9%, all of it yours.
Your annual income
£012345678901234567890123456789,012345678901234567890123456789
on top of your standard letting fees
Modelled on an average UK monthly rent of £1,377 (ONS, March 2026) and a 10-month advance period. The figure above is what your agency keeps of its fee after VAT once Wectory's fee and GoCardless's fee on each repayment, and any VAT on them you cannot recover, are out.
Each repayment Direct Debit at that rent carries a Wectory fee of £33.04 and a GoCardless fee of £4, and both come out of the income shown. GoCardless's fee is shown at its public Standard tariff, before VAT, and is illustrative: your own plan may differ.
Figures are estimates before your own costs and taxes - not a quote, a forecast, or a statement of the income you will earn. Each supplier's fee is shown before VAT, and the income is after whatever of that VAT is not recovered. See about the calculators and worked examples.
What your landlords actually ask for
Now you can say yes.
Property Refresh Pack
Landlord asks £5,460
£012345678901234567890123456789
your income per refurb advance
A kitchen, a bathroom, a paint job, an urgent repair between tenancies on one property. Your agency advances against the landlord's other tenancies; the next 4 months of rent pay it back.
See the packEPC Upgrade Pack
Landlord asks £7,280
£012345678901234567890123456789
your income per advance closed
EPC C by October 2030 is confirmed government policy, with the regulations due in 2027. The average upgrade lands around £6,864. Your agency advances against the rent; the next 8 months of rent cover it.
See the packRefinance Bridge Pack
Landlord asks £8,190
£012345678901234567890123456789
your income per bridge advance
1.8 million UK fixed-rate mortgages expire in 2026. The remortgage often needs arrears cleared or a light refurb first. Your agency advances the cash; the next 6 months of rent pay it back.
See the packPortfolio Growth Pack
Landlord asks £40,950
£0123456789,012345678901234567890123456789
your income per multi-tenancy advance
Your landlord wants the next property. The rent across the existing five funds the down payment on the sixth. Your agency arranges the advance against multi-tenancy receivables.
See the packSwitch-to-Let Pack
Landlord asks £3,185
£012345678901234567890123456789
your income per converted property
A failed sale, a relocation, a mortgage prisoner. The property won't sell at the price they need - so they let it. Your agency manages the let and collects rent.
See the packEach card shows a worked example at a 9% factoring fee for an agency not registered for VAT, after Wectory's fee and GoCardless's fee on each repayment and any VAT on them it cannot recover. GoCardless's fee is shown at its public Standard tariff, before VAT, and is illustrative: your own plan may differ. Real deals vary by the rent, the period, and the fee your agency sets per landlord.
Figures are estimates before your own costs and taxes - not a quote, a forecast, or a statement of the income you will earn. Each supplier's fee is shown before VAT, and the income is after whatever of that VAT is not recovered. See about the calculators and worked examples.
How a rent advance works
Take a landlord who needs cash. Here's how it plays out.
The askYour landlord asks for cash. You can say yes.
The termsYou agree the months of rent and the fee.
The advanceYou send the cash from your account, less your fee.
The repaymentDirect Debit collects 100% of rent. You keep the margin.
We never hold or route the funds.
Rent collection on Direct Debit
A second revenue line on tenancies your agency already manages. Swap the standing-order black box for Direct Debit. No new capital, no new pitch.
Tenancies on Direct Debit200
Monthly fee you charge the landlord£25
Your annual income
£01234567890123456789,012345678901234567890123456789
from rent collection on your book
Each rent collection at the average UK monthly rent carries a Wectory fee of £2 and a GoCardless fee of £4, and both come out of the income shown. GoCardless's fee is shown at its public Standard tariff, before VAT, and is illustrative: your own plan may differ.
Figures are estimates before your own costs and taxes - not a quote, a forecast, or a statement of the income you will earn. They exclude VAT, which each supplier adds to its own charge. See about the calculators and worked examples.
Every failure, as a case
Every collection reports back through the scheme. A success confirms; a failure opens a case with GoCardless's retry verdict.
Your collection account
Your agency stays merchant of record. Rent lands in your bank, branded as your agency.
No lock-in
No retainers. No minimums. No exit fees. Switch back to your current setup whenever it suits.
The figure above is what stays with your agency once Wectory's fee and GoCardless's fee on each Direct Debit are out.
How your agency starts
Three steps from sign-up to your first deal.
Sign up
Set up your agency in five minutes.
Offer your landlords
Advance rent for the moments they ask for cash - EPC works, refurbs, refinance, the next property. Direct Debit collection for tenancies you already manage. Either, or both.
Open the deal
For an advance, set the amount, period, and your fee. For collection, add the tenancy. We handle the Direct Debit mandates, settlement, and reconciliation.
From people who know lettings
“In my career, I have worked with a large number of property technology companies. I chose to work with Wectory simply because they're solving a real problem - landlords want faster access to their rental income, and agents and property managers want a new way to add value and earn from that relationship. The Wectory team understands what it takes to bring this into the lettings market.”
Mark WitherspoonTwentyCi, formerly Zoopla, HomeLet & Hometrack
Your money never lands in our account
Wectory never holds, routes, or transmits funds. Rent moves by Direct Debit straight into your collection account, branded as your agency. Your bank, your balance.
Factoring, not lending
A rent advance is structured as factoring - assignment of future rent receivables, not a loan. That structure sits outside the FCA consumer-credit perimeter. Which permissions your own activities require stays yours to determine.
VAT, charge by charge
Wectory's charges are yours alone, never the landlord's or the tenant's. They are 2.4% of each Rent Advance repayment collected, £2 per successful Rent Collection Direct Debit, and the Extended Check you order. Each is published without VAT, and VAT at 20% is added to it once Wectory's VAT registration takes effect, on Wectory's own VAT invoice. Until then Wectory charges the published fee and adds nothing to it, and the month's document is a statement of the deductions taken rather than a VAT invoice; a registration later taking effect over a period already deducted is settled inside the amount already paid, with nothing further charged and nothing repaid.
GoCardless charges you its own fee separately, with VAT at 20% on it whatever your own VAT status, on GoCardless's own VAT invoice.
The Factoring Fee is never a separate charge to the landlord, so any VAT on it sits inside it and nothing is added on top. Who pays decides that VAT. Where the tenant pays the rent to you, you take the collection of rent not yet due off the landlord's hands, and the fee is a standard-rated service: a sixth of it is VAT if you are registered, and a landlord registered for VAT is then owed your VAT invoice within 30 days. Where the landlord pays you by Direct Debit, the fee pays for the capital you provide ahead of the rent, and it is exempt. Either way the whole fee is accounted for when the advance is paid, and a buy-back or a stopped deal does not change it.
The rent does not change: the tenant pays the same rent as always, and assigning it does not change the VAT treatment of the rent itself.
Your own Rent Collection, letting and management fees stay standard-rated, and a Wectory or GoCardless fee you pass on to a landlord becomes part of your fee, never a disbursement.
If you are registered, you account for the VAT inside each tenant-paid Factoring Fee in the period the advance is paid, and you recover Wectory's and GoCardless's VAT on Rent Collection and on tenant-paid repayments. On landlord-paid repayments that VAT serves an exempt fee, so it comes back only while your exempt input tax stays inside the partial exemption de minimis of £625 a month on average and half of all your input tax; past it, it is a cost.
If you use the Flat Rate Scheme, you pay your flat rate on every Factoring Fee, tenant-paid or landlord-paid, as on the rest of your turnover, and recover none of Wectory's or GoCardless's VAT.
If you are not registered, you add nothing to any fee, and Wectory's and GoCardless's VAT are costs to you. Tenant-paid Factoring Fees and your collection and management fees count towards the £90,000 registration threshold; landlord-paid fees and the rent you pass on do not.
Cash accounting changes no timing: a Factoring Fee is received in full when it is set off against the advance, before Wectory's and GoCardless's deductions.
This is Wectory's reading of current law. Your VAT return stays your own, and your accountant's.
Built for regulated environments
Factoring, not lending
ICO-registered
UK-based infrastructure
Rent factoring is a financial service, not lending. It is structured as an assignment of receivables, a structure that sits outside the FCA consumer-credit perimeter. Which permissions your own activities require stays yours to determine.
Open now
Set up your agency today
Wectory is open to UK letting agents and property managers. Create your account and set up your agency for Rent Advance and Rent Collection.
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