Landlords could save thousands of pounds per year when making and receiving international payments thanks to a new partnership between Lettspay and Currencies Direct.

Using Currencies Direct for international payments via Lettspay can, for example, save around €230 or $243 when compared with a High Street bank on a £10,000 transfer*. This can be achieved because the company buys currency in bulk at wholesale rates which are not available to companies or individuals.

Matt Gibbard, Commercial Director of Lettspay, said: “As a property agent, your landlords may need to make or receive overseas bank payments, e.g. to receive overseas rental income. Whether you’re transferring funds yourself or referring a landlord, Currencies Direct’s seamless integration with LettsPay can help.”

Key features of the service include excellent exchange rates, 24/7 transfers online or via the app, and a dedicated Account Manager. Specialist solutions, such as fixing or targeting an exchange rate, buying currency in advance and setting rate alerts, are also offered.

Registered with the FCA, the Lettspay platform integrates with a growing number of CRMs and can manage payments to contractors, deposit accounts and HMRC as well as improving arrears management and landlord and tenant communication.

*Please note – the exchange rates quoted are not live rates. Contact the Lettspay team to get an up-to-date quote for your requirements.