Letting agents don’t get into the business to be accountants! The solution is simple

10 February 2023 7238 Views

The Letting Partnership has been helping UK agents build successful lettings businesses since 2006.

Despite the current challenging financial landscape, The Letting Partnership is experiencing increased demand for their services. Banks closing their doors to letting agents and tightening restrictions on CMP membership requirements are compelling reasons for agents, seeking reliable and transparent alternatives, to turn to The Letting Partnership for help.

Who are The Letting Partnership?

The Letting Partnership was founded in 2006 by Jennifer Markham who had previously run and owned her own successful letting agency. The business is based in Worthing, West Sussex and has grown into a nationally recognised and award-winning company with a staff of around 30 and growing.

They are a client centric company at the forefront of industry good practice, compliance, and professional standards.

What does The Letting Partnership do?

Letting agents don’t get into the business because they want to be accountants! Every minute spent on client accounting is time that could be put to better use: following up new opportunities and building their business.

The Letting Partnership provides quality outsourcing in client accounting services for the UK lettings industry.

In simple terms this means that they look after all of the money that goes in and out of your client account. They process rents received, make payments out to landlords and contractors etc, lodge tenant deposits, deal with refunds and reconcile your account on a daily basis.

The Letting Partnership are able to set up client bank accounts for their Member Agents, where required, and there is no need to change software - meaning a seamless and straightforward transition.

They are also providers of the widely used and award winning Client Money HealthCheck, and work closely with CMP providers and other industry regulators.

What makes The Letting Partnership different from other outsourcing companies?

Banking

The Letting Partnership can open a ring-fenced dedicated client account within hours

Your client money stays in your account, it is never swept or pooled anywhere

Member Agents have 24-hour view access to their Client Account for complete transparency

People

The Letting Partnership is not a software provider – it is made up of a team of dedicated individuals, many of whom have previously worked in the industry themselves. They understand your business and the challenges you face day to day.

Each Member Agent has a point of contact who gets to know you and your business and who is fully trained in client accounting. The teams are trained and organised so that you never have to worry about cover should your normal point of contact go on leave or be otherwise unavailable.

Software

With The Letting Partnership there is no need to change your existing software. Their teams are trained on major lettings software such as Jupix, Alto, Reapit, 10ninety, Veco, Qube etc and they are always adding new systems to their knowledgebase.

CMP

In cases where The Letting Partnership hold the client account, the agent is able to apply for their Propertymark membership or Money Shield CMP without the need to provide an accountant report or Financial HealthCheck.

Outsource your client accounting to The Letting Partnership today and enjoy access to our award winning team and complete peace of mind that your client accounting is in safe hands.

If you would like to know more about The Letting Partnership please call 01903 477900 or email info@thelettingpartnership.co.uk.