Client accounting platform Lettspay has become an accredited Propertymark supplier.

Registered with the Financial Conduct Authority (FCA), the Lettspay platform manages payments to landlords, contractors, deposit accounts and HMRC as well as improving arrears management, landlord and tenant communication.

The brand has a range of integrations including with Griffin Bank and CRMs such as OnTheMarket Software’s teclet platform, Apex 27, Loop, The Lettings Hub and Aaeron (the group that includes Fixflo and the Arthur CRM).

It follows Lettspay’s appointment as an approved supplier for the Scottish Association of Landlords.
Garrett Foxon, chief executive of Lettspay, said: “We have been in discussions with Propertymark for many months and, crucially and rightly, have had to demonstrate that our client accounting solution meets their stringent requirements in respect of client money and anti-money laundering protection.

“I am delighted that we have achieved this important recognition and are now able to directly bring our platform and services to the attention of the 18,000 Propertymark members and to provide a genuine opportunity for them to innovate and thereby deliver improved customer service and reduce costs, knowing that their client accounting is being handled automatically and compliantly at all times.”

Jason Lee, head of commercial at Propertymark, added: “It is a vital consideration that any accredited supplier of Propertymark is providing ‘best in class’ services for our members and we have undertaken a rigorous compliance appraisal of the Lettspay platform and the benefits it provides.”