Client accounting platform, Lettspay, has introduced a new pricing model to enable letting and property management agents to reduce their costs whilst utilising all of the advantages of their automated accounting platform.

Lettspay has now added the ability to bulk buy services based on the number of properties being processed on top of the flexible rolling pay as you go pricing model already available.

The new offering enables agents to buy “property credits” and immediately save 15% off of the normal processing price. This is ideal for agents with stable or growing portfolios.

In addition, the new pricing structure is protected for three years so agents can plan without fear of unforeseen rises in costs or inflationary clauses in their contract.

Those agents for whom a “pay up front” cost may be difficult, can still take advantage of the new offering, as flexible financing options are available.

Lettspay listened

Matthew Gibbard, Commercial Director at Lettspay said: “This new pricing offering sits alongside our existing commercial arrangements and has been brought in as a response to agents telling us that they would like the security of a long term fixed cost that enables them to plan.

“Agents who grow can extend the size of their “property credit” bundle at the same discounted rate making the offering even more attractive.

“The ‘one credit’ per ‘active property’ per month makes budgeting and reporting easier and can reduce corporation tax liabilities as it is offset against company profits.”

Lettspay, which will have c£1.5bn of client funds going through their platform this year with over 70% of rent payments being automatically reconciled, have also recently become an accredited supplier to Propertymark.

Representative have been attending regional conferences around the UK where feedback on the new proposition has been excellent.