For UK letting agents and property managers
White-label Direct Debit on your own collection account. Real-time scheme events with a reason on every failure. Reconciliation that flows into the tools you use.
A tenant sits on a standing order. A payment goes missing. The agent learns five days later. The PM reconciles a bank statement by hand. Across a year, around 30 hours per branch leak into manual matching.
When a tenant sets up a standing order, you do not see the schedule. You see the deposit when it lands. A failure looks like silence; a partial payment looks like a partial payment with no reason attached.
By the time you spot a missed rent, the tenant is five days into the cycle. You chase blind, the landlord chases you, and the conversation starts with what happened rather than what to do next.
Bank statement in one tab, tenancy ledger in another, manual match line by line. Across a 200-tenancy book that runs to roughly 30 hours per branch per year on a process that is meant to be automatic.
Wectory provisions a collection account on GoCardless Partner Integration in your name. Each successful collection lands with a confirmation in seconds; each failure lands with a reason code in real time. Reconciliation is automatic.
Set your numbers. See what Rent Collection adds to your year.
At this sales pace, on top of your standard letting fees
Steady-state run rate at full coverage: £01234567890123456789,012345678901234567890123456789 / year
No capital, no PMS swap, no new bank account. Put a tenancy on Direct Debit today and add Rent Advance later when you want it.
Wectory connects your agency to the GoCardless Partner Integration. The collection account is your own bank account, in your agency's name. You stay merchant of record.
Wectory holds no client money. Your existing CMP arrangements cover this account unchanged.
The tenant signs one Direct Debit mandate via your agency-branded onboarding. It is the same form any UK tenancy already requires.
Each month rent collects from the tenant by Direct Debit. Funds settle directly into your collection account.
The platform fee deducts at settlement inside the same GoCardless scheme transaction. Scheme events and reconciliation data are exposed to you in real time.
Rent Collection runs on your existing letting-agent licences, VAT registration, and CMP cover. No new authorisations, no new schemes to join, no new returns to file.
You already collect rent into a client account under your existing CMP scheme. Wectory settles tenant Direct Debits into the same account you nominate during onboarding, with you as merchant of record on the mandate. Your CMP membership covers the flow unchanged - no new scheme to join, no second account to open.
The collection fee on Rent Collection is a standard-rated service fee under your own VAT registration. You add VAT on top, collect it from the landlord, and remit it through your normal return, the same way you handle VAT on your management or letting fees.
Rent Advance
Rent Advance compounds on the same tenancy. Add it later - Rent Collection history is the underwriting signal that makes Rent Advance sharper.
Limited access
Wectory opens through 2026 to a small group of UK letting agents and property managers. We onboard your agency to Rent Advance and Rent Collection when your slot opens.
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