Rental Payments

If your letting agent is instructed to collect the rental on behalf of the landlord, they can make the payment via the bank automation clearing system (BACS). This system allows them to transfer rent directly into your account from theirs and ensures that you receive your rental as quickly as possible after it is collected.

Agents do however, remind their landlords that the time taken to transfer monies does vary and very much does depend on your bank. Bank Holidays and weekends obviously slow this process down and may cause a delay. On request, they can make deductions for any bills payable by landlord from the rents they receive.