PayProp takes the rent into its own client accounts and pays landlords out, for a licence from £79 a month, a monthly service fee of less than 1% of the money it processes, and a one-off set-up fee of £600 to £2,000 set by portfolio size (read 31 October 2026). Below are five alternatives for letting agents and LetCompliance, each with what it publishes and the company behind it. LetCompliance publishes this page and lists itself first; the others follow A to Z.
The main alternatives to PayProp for UK letting agents in 2026 are LetCompliance, Arthur, COHO, Goodlord, Landlord Vision and Reapit. LetCompliance, which publishes this page, is listed first: it runs the lettings, the tenancies and the landlord statements in one workspace, from £24 a month for an agency.
At a glance
Prices and HMRC listings in one table
Scroll sideways on a phone. LetCompliance is shown first, then PayProp for reference, then the others. Each cost is the provider’s own published price on 24 October 2026; the plan, the VAT and any extra charge behind it are under its entry. HMRC’s statuses are its own labels for UK property income.
At a glance
01LetCompliance
LeavingPayProp
02Arthur
03COHO
04Goodlord
05Landlord Vision
06Reapit
1 property, a month
£24 (Agency Mini)
From £79, plus fees
From £82.50, billed annually
£30 +VAT minimum
Not published
Starter £7.99 +VAT billed yearly, or £8.79 +VAT monthly, first two years
Not published
5 properties, a month
£24 (Agency Mini)
From £79, plus fees
From £82.50, billed annually
£30 +VAT minimum
Not published
Standard £29.97 +VAT billed yearly, or £34.97 +VAT monthly
Not published
10 properties, a month
£39 (Agency Starter)
From £79, plus fees
From £82.50, billed annually
£30 +VAT minimum
Not published
Standard £29.97 +VAT billed yearly, or £34.97 +VAT monthly
Not published
HMRC finder: quarterly updates
Ready now
Not listed
Not listed
Not listed
Not listed
Ready now
Not listed
HMRC finder: tax return
Ready now
Not listed
Not listed
Not listed
Not listed
Ready now
Not listed
The alternatives
The alternatives to PayProp, with their records
LetCompliance first, as the publisher’s own software, then the others A to Z. Each one is described from its own site, with its cost a month at 1, 5 and 10 properties, its listing on HMRC’s Making Tax Digital finder and its company on Companies House.
01
LetCompliance
Listed first: the publisher’s own software
Landlord and letting agent software that runs the whole let, from the advert to the landlord statements.
Agency plans run from £24 a month for up to 5 properties to £129 a month for unlimited properties, with unlimited branches and seats on every plan and no VAT added, and start with a 14-day agency trial and no card. A landlord’s own account is £7.99 a month for 1 property, £14.99 for up to 3, £19 for up to 10, £29 for up to 20 and £49 for any number.
Why it is first
LetCompliance publishes this page and lists itself first, as its own product. That is the publisher’s view, not a neutral test: every other product is described from its own site, with the date it was read, and they follow A to Z.
For an agency leaving PayProp, LetCompliance runs the lettings and the money records in one workspace at a flat price: adverts, references ordered per check, tenancies signed online, rent recorded on each tenancy or collected by Direct Debit on the agency’s own Stripe account, landlord statements with the agency’s fees, a payment file for paying landlords from the agency’s own bank and a three-way reconciliation of the client account, on agency plans from £24 a month, with no share of the rent and no set-up fee.
What it runs
Lettings in one workspace: adverts, applications and viewings, and a credit-backed reference ordered from the tenancy for £24.99, or £19.99 for a guarantor.
Tenancy agreements signed online, with documents that name the landlord client as the landlord and the agency as the agent.
Rent recorded on each tenancy, or collected by Direct Debit on the agency’s own Stripe account, with arrears and the agency’s commission for each landlord client.
Landlord statements with the agency’s fees, issued as a numbered VAT invoice where the agency is VAT-registered, with each landlord client’s opening balance carried in.
Landlord payouts: what each landlord is owed from their issued statements, as a payment file for the agency’s own bank, marked paid once the money has gone, with the fees moved to the agency’s own account recorded.
A three-way reconciliation of the client account on a day you choose: the bank, the cash book and each landlord’s ledger, every difference listed, and the sign-off kept with its PDF.
Section 8 and Section 13 notices on Forms 3A and 4A, the rent review board and the possession tracker.
Branches, roles and landlord clients in one workspace, with a portfolio imported from a spreadsheet.
Certificates tracked with reminders, and a 0 to 100 score for each property.
What it does not do
It holds no client money and pays nobody out: the agency pays each landlord from its own bank, using the payment file, and Stripe pays Direct Debit rent collected on the agency’s own Stripe account out to the bank account the agency sets in Stripe.
It has no login for landlord clients: each landlord gets their statement as a PDF by email.
It has no Open Banking bank feed: bank statements are uploaded as a CSV and matched line by line.
It has no Rightmove, Zoopla or OnTheMarket feed: adverts are public on its own to-let pages or by link, with the text and photos ready to post elsewhere.
It has no contractor marketplace: you add your own contractors and send each repair as a work order.
Its Making Tax Digital is for a landlord’s own UK property income, not agent software for filing for clients.
Prices and records, read 24 October 2026
Cost a month
1 property
£24 (Agency Mini)
5 properties
£24 (Agency Mini)
10 properties
£39 (Agency Starter)
Agency plans are Agency Mini £24 a month for up to 5 properties, Agency Starter £39 for up to 20, Agency Growth £79 for up to 50 and Agency £129 for unlimited properties, with unlimited branches and seats on every plan and no VAT added.
HMRC’s Making Tax Digital finder
“LetCompliance”, product 3596: paid version, for individuals only, UK property income. In the finder’s results for UK property income: quarterly updates “Ready now”; tax return “Ready now”.
Company (Companies House)
None: LetCompliance is run by its founder, Erdem Volkan, as a sole trader.
Room-level operations for shared houses: rent schedules per room, rooms listed to Rightmove, Zoopla, OnTheMarket and its own marketplace, and housemate profiles on listings.
Read on its own site
Features on 24 September 2026; prices, HMRC’s finder and Companies House on 24 October 2026.
What its own site lists
Direct Debit rent through GoCardless.
Referencing (Advanced Rent, Canopy) and native e-sign.
Right to Rent stored, with alerts when a follow-up check is due.
Rent review downloads on Form 4A.
Recurring charges per tenant for bills and services.
Prices and records, read 24 October 2026
Cost a month
1 property
£30 +VAT minimum
5 properties
£30 +VAT minimum
10 properties
£30 +VAT minimum
A minimum of £30 +VAT a month, which covers 12 units, then £2.50 a unit up to 100; each HMO room is a unit. 10% off for an annual commitment. eSigning is £1 an envelope and referencing from £18.50.
HMRC’s Making Tax Digital finder
Not listed: no product of that name among the 177 on the finder’s lists for landlords and agents.
Company (Companies House)
COMPANY FOR LIFE LTD, company number 12078021: “Active”, incorporated 1 July 2019.
Full property accounts with Open Banking bank feeds, and a tax return sent for UK property, sole trader and foreign property income, as HMRC’s finder lists it.
Read on its own site
Features on 24 September 2026; prices, HMRC’s finder and Companies House on 24 October 2026.
What its own site lists
Bacs Direct Debit rent collection through a GoCardless integration.
A Section 8 notice in its legal document centre, on Standard and up.
E-signatures and a tenant portal, on Standard and up.
Tenant referencing, agent statements and Xero, on Enterprise.
Right to rent tracking, and an online tenant application form.
Prices and records, read 24 October 2026
Cost a month
1 property
Starter £7.99 +VAT billed yearly, or £8.79 +VAT monthly, first two years
5 properties
Standard £29.97 +VAT billed yearly, or £34.97 +VAT monthly
10 properties
Standard £29.97 +VAT billed yearly, or £34.97 +VAT monthly
Priced by active tenancy. Starter covers up to 4 at 60% off for the first two years, then £19.97 +VAT billed yearly or £21.97 +VAT monthly; Standard covers 10. Prices exclude VAT, and yearly plans are billed upfront.
HMRC’s Making Tax Digital finder
“Landlord Vision”, product 3378: paid version, for individuals only, UK property, sole trader and foreign property income. In the finder’s results for UK property income: quarterly updates “Ready now”; tax return “Ready now”.
Company (Companies House)
LANDLORD VISION LTD, company number 08657841: “Active”, incorporated 20 August 2013.
The money side of the agency book: rent paid into its CMP-recognised NatWest client accounts, matched to the tenant automatically, and paid out to landlords, contractors and the agency, often on the day it arrives.
Read on its own site
Features on 31 October 2026; prices, HMRC’s finder and Companies House on 24 October 2026.
What its own site lists
Rent paid into its CMP-recognised NatWest client accounts, by Direct Debit, bank transfer or its tenant portal.
Payments matched to the right tenant automatically, through its bank integration.
Landlords, contractors and the agency’s commission paid out under rules set for each property, often on the same day the tenant pays.
A property account that holds rent in reserve for repairs and other costs.
Arrears shown live, with reminders by email and text.
Account statements, maintenance tickets with payments created from them, and a tenant portal for paying rent, viewing invoices and reporting repairs.
Deposits held in a ring-fenced client account.
A Tenant Assessment Report: a credit score with rental payment data from agencies that use PayProp.
Integrations with other software, Reapit among them, a documented API, and no cost for extra users.
Pricing by portfolio size: a licence from £79 a month, a monthly service fee of less than 1% of the money it processes, and a one-off set-up fee of £600 to £2,000 set by portfolio size, with no VAT stated.
What its own pages do not list
Adverts, tenancy agreements, notices and certificate dates: none is among the features its own features page lists, and its pages offer it to letting agents alongside their property management software (read 31 October 2026).
Making Tax Digital: no product named PayProp is on HMRC’s finder (read 31 October 2026), and its site says landlords’ income and expenses go to Nexus by Landlord Studio for it.
A licence from £79 a month, a monthly service fee of less than 1% of the money processed and a one-off set-up fee of £600 to £2,000, set by portfolio size. Built for agents who collect rent for landlords. VAT is not stated.
HMRC’s Making Tax Digital finder
Not listed: no product of that name among the 177 on the finder’s lists for landlords and agents.
Company (Companies House)
PAYPROP LIMITED, company number 05405100: “Active”, incorporated 29 March 2005.
There is no automatic transfer from PayProp: the move is a spreadsheet and your own files, and the steps below take it in order. The tenancies themselves carry on as they are.
Take your records out of PayProp. Before you leave PayProp, save what it holds to your own computer: for each landlord and tenancy, the rent and payment history, the statements, the balance held for each landlord and the last reconciliation of the client account. Ask PayProp, or check its help pages, for how to export, and keep the files with your records.
Bring the portfolio in from one spreadsheet. Open Properties, choose Import and upload a spreadsheet saved as CSV: one row per tenant, or per room for an HMO, with the address, town and postcode. Rent, deposit, certificate, licence, insurance and mortgage details come in if the sheet has them. Columns it does not recognise are listed back to you by name, and importing the same sheet again updates what is there instead of adding it twice. The import guide lists every column.
Add the certificates and documents. Drop the certificate files in as a batch and the dates are read from each one, for you to check. Upload signed agreements and other documents to each property.
Set up the rent records. In an agency workspace, rent received is recorded on each tenancy, with arrears and the agency’s commission for each landlord client, and bank statements come in as CSV files. To collect it by Direct Debit, the owner or an admin connects the agency’s own Stripe account in Agency settings, and each tenant authorises the mandate. No commission is taken on the rent. Stripe charges 1% of each Direct Debit payment with a 20p minimum and a £4 cap, and £5 for a disputed payment.
Keep Making Tax Digital with each landlord. Making Tax Digital in LetCompliance is for a landlord’s own UK property income, sent from a landlord account; it is not agent software for filing for clients. PayProp is not on HMRC’s Making Tax Digital finder (read 24 October 2026).
Send your tenants their portal links. Send portal links to every tenant without one, 20 at a click. Each tenant gets a link of their own, with no app and no password, for rent, repairs, messages and documents. The tenancy itself carries on as it is.
What comes across
Properties, HMO rooms and tenants, from one CSV.
Tenancy dates, the rent and how often it is due, and the deposit details.
Certificate, licence, insurance and mortgage dates.
Certificates, signed agreements and other documents, uploaded to each property.
This tax year’s money, from bank statements saved as CSV, on paid plans and the trial.
What stays with PayProp
The money PayProp holds: LetCompliance holds no client money, so the agency needs a client account of its own, and each landlord’s balance on the day of the move goes in as an opening balance on their client page.
Automatic payouts: in LetCompliance the agency pays each landlord from its own bank, using the payment file, and marks the statements paid.
Rent paid to PayProp: tenants who paid PayProp by Direct Debit, standing order, bank transfer or its tenant portal need the agency’s own client account details, or a Direct Debit request from the agency’s Stripe account. Cancel PayProp’s Direct Debit collection before the first collection on the agency’s Stripe account, so nobody pays twice.
Past rent payments: the import takes the current rent, not a ledger of past payments, so keep PayProp’s export with your records.
Anything automatic: there is no transfer from PayProp to LetCompliance, only your spreadsheet and your files.
Prices: each provider’s own pricing page, read on 24 October 2026 between 16:06 and 16:20 UK time, for the round-ups on this site. The cost at 1, 5 and 10 properties is worked out from the published price and the charge for each extra unit, tenancy or lease, counting one property as one of each, with VAT as each page states it.
Making Tax Digital: HMRC’s software finder, the official list, read the same day. The quarterly update and tax return statuses are HMRC’s own labels in its results for UK property income; a product not on the finder is marked “Not listed”.
Company: Companies House, the official UK register, for the company each provider names on its own pages, by name and number.
What each product does: its own website, pricing and help pages, read on the date given under each entry for the comparisons and round-ups on this site. Only what its own pages say is written here; nothing was bought or tried, so this is a desk comparison, not a hands-on trial.
LetCompliance publishes these pages and lists itself first. Its prices come from its own plan list and its listing from the same HMRC finder.
For the PayProp page, PayProp’s own pricing, features, client accounting, landlord and tenant, tenant portal, arrears, maintenance and website terms pages and HMRC’s finder were read again on 31 October 2026. PayProp’s prices and company were as recorded on 24 October 2026, and no product named PayProp was among the 179 products on the finder’s lists for landlords and agents. The five other products keep the records of the days their entries give.
The main alternatives to PayProp for UK letting agents in 2026 are LetCompliance, Arthur, COHO, Goodlord, Landlord Vision and Reapit. LetCompliance, which publishes this page, is listed first: it runs the lettings, the tenancies and the landlord statements in one workspace, from £24 a month for an agency. The others follow A to Z, each with its price at 1, 5 and 10 properties as its own pricing page gave it on 24 October 2026.
What does PayProp cost a 15-property agency, beside LetCompliance?
With rent of £1,000 on each of 15 lets, £15,000 a month goes through PayProp, so its service fee is under £150 a month, on top of a licence from £79 and a one-off set-up fee of £600 to £2,000; its pricing page states no VAT (read 31 October 2026). LetCompliance’s Agency Starter plan is £39 a month, with no set-up fee, no share of the rent and no VAT added. Rent collected by Direct Debit on the agency’s own Stripe account also carries Stripe’s fee, 1% of each Direct Debit payment with a 20p minimum and a £4 cap, and £5 for a disputed payment, which on this rent is £4 a payment. The LetCompliance vs PayProp comparison works the cost through for 15 and 40 lets, a month and over the first year.
Does LetCompliance hold client money or pay landlords like PayProp?
No. PayProp holds the rent in its own client accounts and pays landlords out itself (read 31 October 2026). LetCompliance holds no client money and pays nobody out. Rent paid by standing order goes to the agency’s own bank account; rent collected by Direct Debit is collected on the agency’s own Stripe account, and Stripe pays it out to the bank account the agency sets in Stripe, such as its client account. LetCompliance draws each landlord’s statement, prepares a payment file of what each is owed for the agency’s own bank, and sets the bank balance beside the cash book and each landlord’s ledger in a three-way reconciliation. Adding a landlord’s bank details and downloading the payment file are for the owner or an admin, with two-step sign-in.
Is the move from PayProp to LetCompliance automatic?
No. The move is a spreadsheet and your own files, in the order the switching steps on this page set out: the properties, tenants and landlord clients from one CSV, the documents uploaded, and each landlord’s balance entered as an opening balance on the day you move.
What do the alternatives to PayProp cost for five properties?
As each pricing page gave it on 24 October 2026, a month: LetCompliance: £24 (Agency Mini); Arthur: From £82.50, billed annually; COHO: £30 +VAT minimum; Goodlord: Not published; Landlord Vision: Standard £29.97 +VAT billed yearly, or £34.97 +VAT monthly; Reapit: Not published. PayProp itself: From £79, plus fees. The plan, the VAT and any extra charge behind each figure are under its entry.
Which alternatives to PayProp are on HMRC’s Making Tax Digital list?
On HMRC’s software finder, read on 24 October 2026, for UK property income: LetCompliance, quarterly updates “Ready now”, tax return “Ready now”, listed as individual software for a landlord’s own return, not agent software; Landlord Vision, quarterly updates “Ready now”, tax return “Ready now”. Arthur, COHO, Goodlord and Reapit are not listed. PayProp: not listed.
Why is LetCompliance listed first?
LetCompliance publishes this page and lists itself first, as its own product. That is the publisher’s view, not a neutral test: every other product is described from its own site, with the date it was read, and they follow A to Z.
Editorial discipline
LetCompliance publishes this page and lists itself first, as its own product. That is the publisher’s view, not a neutral test: every other product is described from its own site, with the date it was read, and they follow A to Z. The review date at the top is the day this page was last reviewed and changed; the day each provider’s prices and features were read is given under each entry and in the method. Read the editorial standards.
Bring a let across
Bring your PayProp portfolio across in one spreadsheet
Agency plans run from £24 a month for up to 5 properties to £129 a month for unlimited properties, with unlimited branches and seats on every plan and no VAT added, and start with a 14-day agency trial and no card. A landlord’s own account is £7.99 a month for 1 property, £14.99 for up to 3, £19 for up to 10, £29 for up to 20 and £49 for any number. Properties, rooms, tenants, rents and certificate dates come in from one CSV, and the let runs in one place from there: the advert and the applicants, the tenancy and its signatures, the rent and the arrears, the repairs, the notices and each landlord’s statement.
