Client accounting platform LettsPay, which will process more than £1.5 billion in rental payments during 2025, has launched a new integrated landlord ID verification service designed to help letting agents and property managers stay compliant.
Fully FCA-registered, LettsPay already integrates with a growing number of CRMs, managing payments to contractors, deposit accounts and HMRC, while improving arrears management and communication between landlords and tenants.
The new service automates the entire verification process. Agents can trigger landlord ID checks directly through the LettsPay platform, with white-labelled SMS and email communications sent automatically to landlords.
Results, including a full risk assessment, are instantly updated in the system, creating a seamless audit trail.
100 FREE ID CHECKS
There is a nominal fee per check, with no ongoing monthly commitment. New clients joining LettsPay will also benefit from 100 free ID checks as part of their onboarding package.
Matthew Gibbard (main picture), Commercial Director at LettsPay, says: “With banks requiring letting agents to be registered with HMRC for Money Laundering supervision, and Client Money Protection now mandatory across the sector, the need for a robust ID verification solution is crucial.
“Many agents are currently carrying these out through a range of third-party suppliers. The LettsPay product is a cost-effective, bank-grade solution that fits seamlessly within our existing platform.”
UNDER PRESSURE
The lettings industry is under increasing pressure to strengthen its compliance frameworks as regulations around money laundering and financial transparency continue to tighten.
With banks demanding higher standards of verification and accountability, the need for robust identification of landlords and tenants has become a critical priority across the sector.
