We’re pleased to announce a major upgrade to how rent reaches landlords, Importantly, LettingaProperty has launched PayTo, our faster payment rail that makes landlord payouts instant once a tenant’s payment is processed/authorised. In short, tenants pay LettingaProperty as usual, and we instantly pass the funds on to landlords. No more waiting 3–5 business days for money to clear.
Below, we explain what’s changed, why it matters, and what (if anything) you need to do.
What PayTo means for landlords
Overall, LettingaProperty’s PayTo integration speeds up the time it takes for rent to reach you.
- As a result, Same-day payouts: Once a tenant’s payment is processed/authorised, LettingaProperty forwards the funds instantly to your bank account.
- Importantly, no tenant action needed: Tenants pay using the same method they always have.
- Consequently, less admin and faster cashflow: No more multi-day clearing windows. That helps with mortgage deadlines, repairs, or reinvesting in your portfolio.
This is a reliable operational improvement: quicker cash with the same simple payment journey for tenants.
How the process actually works (simple breakdown)
- First, tenant pays LettingaProperty using the usual payment method on the platform.
- Next, we process the payment — Our systems handle the transaction and submit it to the payment rail.
- Then, the payment is authorised/processed. Once the tenant’s bank or payment processor authorises the transaction, the payment is cleared.
- Finally, LettingaProperty initiates the PayTo settlement, and the landlord receives the funds in seconds.
Key point: the tenant’s experience doesn’t change. They make their payment to LettingaProperty; we handle the instant onward payment to you.
Why this is a real improvement
Faster cash flow: Landlords commonly wait 3–5 business days for rent to clear. With PayTo, that waiting time disappears in the routine case, making finances more predictable.
Lower admin and fewer errors: PayTo removes the need for manual bank file imports and batch authorisations. That reduces processing overhead and the chance of human error.
Behind the scenes: who helped us get here
Specifically, our development team worked closely with integration partners and bank contacts to test and validate the PayTo flow.
A note from the dev team:
“Thank you so much to the Lloyds team for their constant support during the entire integration process. Your help made the rollout much smoother.”
— LettingaProperty Development Team
Partner comment
“LettingaProperty.com integration of Lloyds’ PayTo API is a great example of innovation in action. By embedding PayTo, they’ve made rent payouts to landlords instant and secure – improving cash flow and reducing admin. It shows how our embedded payments technology and our partners are simplifying financial processes for professionals across the property sector.”
— Jack Moore, Associate Director, Cash Management & Payments, Lloyds
Additionally, we’d like to thank Katarina Stanic, Specialist Implementation Manager at Lloyds, for her support during the rollout. Her team helped us navigate the technical and commercial steps so we could be confident in an instant-payout process.
Practical tips for landlords (you probably don’t need to do anything, but read on)
- No action required: We’ve implemented PayTo on our side. Your tenants don’t need to change how they pay.
- Double-check your account details: To avoid failed payouts, confirm that your bank account details in your LettingaProperty dashboard are up to date.
- Occasional delays: While most payouts will be instant once processed/authorised, rare bank-side checks or failed transactions can still introduce a delay. We’ll flag these promptly so you can act.
What tenants should know (brief)
- Nothing to change. Tenants pay LettingaProperty as normal, with no extra steps required.
- Use the correct reference number when paying. A wrong or missing reference can delay the rent being allocated to your landlord
- Faster confirmation for landlords. Tenants will benefit indirectly from landlords receiving funds faster (e.g. quicker repairs, less admin).
- Payment records unchanged. Tenants will still see receipts in their banking app and our tenant portal as before.
Security & compliance
PayTo runs over secure bank-grade payment rails. LettingaProperty processes payments under current industry security standards and best practices. We never compromise on data protection or transaction security.
FAQs
Q: Do tenants need to approve PayTo in their bank?
A: No. Tenants pay LettingaProperty the same way they always have. We process the payment and then instantly forward funds to landlords once the payment is authorised.
Q: Is instant payout guaranteed?
A: Payouts are instant once a payment is processed/authorised. Rarely, bank-side checks or technical issues can delay settlement, and we’ll notify you if that happens.
Q: Will I still receive a receipt?
A: Yes, transaction records and receipts remain available via your LettingaProperty dashboard and your bank.
Final thoughts
In summary, PayTo is a practical, behind-the-scenes upgrade that makes a real difference to landlords: quicker access to rent, less admin and clearer payment visibility. Tenants keep the same payment flow, and you get the benefit—same day, reliable payouts.
Brief note about Lloyds
We’re proud to support almost one million UK businesses with leading digital and relationship banking services, as they start up, grow and thrive. In 2024 Lloyds helped 100,000 small businesses and charities with new banking. Through a network of relationship teams based across the UK, as well as internationally, Lloyds delivers a mix of local understanding and global expertise. Their product specialists provide bespoke financial services and tailored cash management and treasury solutions. To see the latest factsheet setting out how Lloyds supports UK businesses, please refer to their Supporting British businesses factsheet.
About LettingaProperty.com
LettingaProperty.com is a UK-based online lettings platform that helps landlords maximise rental returns while cutting agency fees and administrative hassle. Since 2008 we’ve delivered guaranteed rent options, an easy-to-use landlord dashboard, and expert support for first-time, overseas and portfolio landlords. Our platform combines fast payments, straightforward pricing and proactive landlord support to make letting simpler and more profitable. To find out how we can help you or to book a demo, visit www.lettingaproperty.com.
