For UK letting agents and property managers with working capital
Rent Advance is a working-capital line you extend to your own landlords, funded from your own reserves, repaid by Direct Debit on the rent you already collect. You agree the fee with the landlord. The tenant pays the same rent. Wectory never holds capital.
You hold business reserves at a low single-digit rate. Your landlords come to you each year with cash needs - January tax, EPC C work, refurbishments, refinance bridges - and you have nothing to offer them except a referral. Rent Advance turns the reserves you already hold into a working-capital line you extend to your own landlords, on terms you set, against rent you already collect.
UK business deposits clear roughly the Bank rate minus a margin. Sub-2% is not unusual. The same capital, deployed as a rent advance, prices off prevailing buy-to-let yields and the landlord's appetite for cash today, not in twelve months.
Tax in January. EPC C upgrades before the regulation lands. Refurbishments between tenancies. Refinance bridges when a remortgage slips. You hear these conversations every month and refer the landlord elsewhere. Rent Advance is the alternative.
You set the period, the factoring fee, and the repayment source per deal. You wire the net advance to the landlord from your own account. Wectory never holds the cash. The receivable sits on your book until rent amortises it.
Wectory provisions the Direct Debit mandate between the chosen repayment source and your collection account, white-labelled to your brand via GoCardless Partner Integration. Each month rent settles directly with you. The platform fee deducts at settlement inside the same GoCardless scheme transaction.
The landlord signs with you, the tenant pays you, the rent settles into your account. Wectory operates as infrastructure behind your brand. When the advance amortises, you have a new pricing tool the landlord did not have to leave you to obtain.
Set your numbers. See what Rent Advance adds to your year.
Steady-state run rate, on top of your standard letting fees
Each repayment Direct Debit at this rent carries a published price of £33.04 across both suppliers, of which Wectory keeps £29.04. 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.
Funded from your own reserves. The capital sitting at 1.61% on a business deposit today works as a rent advance at the rate you agree with each landlord.
You and your landlord agree the period of the advance, your factoring fee, and the repayment source. The repayment source is the landlord by default. If the tenancy is also on Rent Collection, or you set it that way per deal, the tenant becomes the repayment source.
You pay the net advance to the landlord from your own balance sheet. Wectory is not in this flow.
The receivable sits on your book until it amortises.
Wectory provisions a Direct Debit mandate between the chosen repayment source and your collection account, white-labelled to your brand via GoCardless Partner Integration. If the tenancy already runs on Rent Collection, the existing tenant mandate is the instrument.
Each month the Direct Debit runs. Rent settles directly into your collection account. The platform fee deducts at settlement inside the same GoCardless scheme transaction.
If a Direct Debit fails, you are notified with the scheme's reason code. The platform fee accrues only on successful collections.
Scheme events surface in your operational view as GoCardless reports them. Your settlements view reconciles each payout against its own lines and flags any that do not sum, instead of a monthly summary.
If a landlord settles the advance early from their own funds, your factoring fee is still owed under the deal terms you set with them. The platform fee accrues only on successful Direct Debits, so an early prepay shrinks Wectory's platform fee too.
Rent Advance is built to run on the licences you already hold, and adds no authorisation or scheme of its own. Which permissions your own activities require stays yours to determine.
Rent Advance is structured as assignment of receivables. You purchase the right to receive future rent at a discount agreed with the landlord. This is a long-established commercial structure outside the FCA consumer-credit perimeter. Which permissions your own activities require stays yours to determine. The discount you charge the landlord is the factoring fee, set per deal.
VAT follows each supply in the arrangement, not the rent. A landlord's outright sale of a rent receivable may be an exempt supply by the seller; a narrower assignment, where the landlord keeps legal title and the obligations, may be no supply at all; and a landlord not acting in a taxable capacity may be outside the scope of VAT. Any financing, administration, collection or default-protection service you supply to the landlord alongside the purchase is a separate supply and may be standard-rated. Which of these your arrangement is turns on its actual facts, so your own VAT position stays yours to determine.
Assigning the rent receivable does not change the VAT treatment of the rent itself under the tenancy. Your own rent collection or management fee is ordinarily a standard-rated service where you are required to charge VAT, handled the way you handle your management or letting fees. Wectory's own fee and GoCardless's own charge are each handled by their supplier: GoCardless accounts for its own tax on its own share, and Wectory adds VAT to its fee, on its own invoice, only once its registration takes effect.
When you run Rent Advance and Rent Collection on the same tenancy, the tenant Direct Debit is the instrument under both lines. Each platform fee applies independently per its own mechanic.
With Collection running, you already see whether the tenant pays on time. When you later open Advance on the same tenancy, that history is the signal you act on - sharper than anything you can infer from the landlord.
Sister product
Rent Collection runs on the same Direct Debit rail. Add it now or later. Both fees apply independently per their own mechanic.
See Rent CollectionLimited 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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