Client accounting specialist Lettspay has announced that lettings operator Hello Neighbour is now using its platform to handle all accounting across its portfolio.

Hello Neighbour has grown threefold over the last year and has let over 2,000 properties, with over 900 under full management. It has also recently launched a self-service product aiming to provide landlords with an end-to-end solution.

Lettspay is designed to provide letting agents and managers with a solution to the compliance issue of undesignated client accounts, by creating individual accounts for landlords with their own sort codes and account numbers. All allocations to and from these accounts can be fully automated, with payments approved before release.

Registered with the FCA, the Lettspay platform integrates with a number of CRMs and can manage payments to contractors, deposit accounts and HMRC.

Garrett Foxon, Lettspay CEO, said: “We are now seeing significant traction with letting and managing agents who are looking to improve efficiency, compliance and, ultimately, service levels and profitability by working with us. Hello Neighbour is the latest to join our growing client list.” 

Richard Jenkins, co-founder and CEO of Hello Neighbour, said: “We are delighted to integrate our business with the Lettspay platform in order to streamline our client accounting for the benefit of our customers and clients.”