1.8M UK fixed rates expire in 2026
1.8 million UK fixed-rate mortgages expire in 2026. The better rate often needs arrears cleared or cash reserves shown first. Your agency advances the cash from its own account and earns on every month of rent that pays it back.
The fix expires on the lender's date.
The fixed rate runs out on schedule. If the new product isn't in place, the next mortgage payment lands at standard variable - around £400 a month worse than the rate the broker has lined up.
The agency advances against the rent.
Your agency funds the conditional from its own account - paid-down balance, cash reserves shown, or arrears cleared. Wectory sets up a Direct Debit between the landlord and your collection account, branded as your agency. The new rate kicks in inside 30 days.
The rent repays the advance.
Each month, the rent collects by Direct Debit into your account. £36 comes off each repayment - the published price across both suppliers, of which Wectory keeps £32 - and the rest stays with your agency until the advance is closed. 6 months of £1,500 rent funds an advance of £8,190 at a 9% fee and leaves £594 with the agency per deal.
your income per bridge advance closed
Worked example: £1,500 monthly rent, over 6 months, at a 9% factoring fee. Real numbers depend on the rent, the period, and the fee you set.
Each repayment Direct Debit in this example carries a published price of £36 across both suppliers, of which Wectory keeps £32. The provider's ordinary processing sits inside that published price, never on top of it.
Figures are estimates before your own costs and taxes - not a quote, a forecast, or a statement of the income you will earn. They exclude VAT, which each supplier adds to its own share. See about the calculators and worked examples.
Rent Collection
Rent Collection takes a fee on every Direct Debit on tenancies your agency already manages. No working capital, no new pitch to landlords. Start today; add Rent Advance when capital is in place.
Limited access
Wectory opens through 2026 to a small group of UK letting agents and property managers. We onboard your agency to Rent Advance and Rent Collection when your slot opens.
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