Failed sales, mortgage prisoners, forced lets
Around 30% of UK property sales fall through. Your agency converts the listing into a let, sets up Direct Debit rent collection under its own brand, and advances the let-up cash if the landlord needs it.
The sale didn't land. Letting brings cash flow back.
A failed sale, a forced remortgage, or a mortgage prisoner outcome - the property has to earn from rent instead. The local rental market gives the landlord income inside 30 days.
The agency runs both ends.
Your agency converts the listing into a let: viewings, references, AST. Direct Debit rent collection goes live on your collection account, branded as your agency. Let-up costs are funded by a short starter advance against the first months of rent.
The advance closes. The collection keeps going.
The £3,185 advance repays in 2 months of £1,750 rent at a 9% fee, leaving £231 with the agency; the Wectory fee is 2.4% of each repayment - £42 on this example's rent. Once the advance closes, Direct Debit collection runs on top: £10 per successful Direct Debit at every amount we serve as the Wectory fee, and your collection fee stays on top, recurring for as long as the tenancy runs.
your income per converted property
Worked example: £1,750 monthly rent, over 2 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 Wectory fee of £42. Your payment provider charges you its own fee separately, on your own agreement with 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 charge. 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.
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