14.12.2022
13 min read
Get ready for Making Tax Digital with the only MTD-compatible landlord software. Stay on top of your rental income and expenses with Hammock’s automated bookkeeping, property tax statements and investment insights.
Submit quarterly MTD filings from Hammock. Keep an eye on your taxable income and expenses, always up-to-date, and get all your receipts in one place.
Monitor your rental income and expenses in real-time. Hammock will automatically reconcile rent payments and property expenses with instant notifications.
Loan to value, rental yields, arrears balance, occupancy rates: your portfolio performance is available to you 24/7.
It’s fast and secure!
I had a nasty surprise with my last tax bill and promised myself I’d be better prepared for the next tax year. That’s how I found Hammock: its tax forecast estimation helps me put my worries to rest.
I love not having to check 3 separate bank statements every time. Hammock gives me the full list of all of my property payments and makes it easy to filter and search.
The property tax statement on Hammock is great. I love the summary page where I can find my income and expenses totals calculated automatically.
Any HMO landlord should use Hammock. I can monitor all my rental payments, reconciled per individual tenant. And because they charge me by property, rather than by tenancy, its incredible value for money!
I own multiple properties so getting notifications about which tenants have paid their rent has been so helpful for me. Hammock doesn’t just tell me that money is in, it links the payment to the right tenancy straight away.
Having a profit & loss statement for each of my properties has been great to understand the performance of my portfolio.
Having all property payments automatically reconciled by Hammock has saved me so much time.
I love being able to take a photo of a receipt and attach it straight to the transaction without having to leave the Hammock app.
I’ve never enjoyed having to calculate rental yields or LTV. Hammock now does it automatically for me, what a relief.
Choose the plan that best fits your needs. Our pricing options are designed to offer flexibility and value for businesses of all sizes.
Save 20% with annual billing
Save 20% with annual billing
Save 20% with annual billing
Save 20% with annual billing
Save 20% with annual billing
MTD-compatible software
Properties and tenancies
HMO
Bookkeeping
Up-to-date reports
Unlimited bank feeds
Real-time notifications
Support via email and phone
User management
Managed account setupMTD-compatible softwareProperties and tenanciesHMOBookkeepingUp-to-date reportsUnlimited bank feedsReal-time notificationsSupport via email and phoneUser managementManaged account setupMTD-compatible softwareProperties and tenanciesHMOBookkeepingUp-to-date reportsUnlimited bank feedsReal-time notificationsSupport via email and phoneUser managementManaged account setupMTD-compatible softwareProperties and tenanciesHMOBookkeepingUp-to-date reportsUnlimited bank feedsReal-time notificationsSupport via email and phoneUser managementManaged account setupLet us know how many rental properties you manage to confirm this price
MTD-compatible softwareProperties and tenanciesHMOBookkeepingUp-to-date reportsUnlimited bank feedsReal-time notificationsSupport via email and phoneUser managementManaged account setup
Just register here, you’ll be up and running in minutes. And if you have any questions, we’re always just a click away on our live chat (9am -5pm, Mon-Fri) or at hello@usehammock.com.
You can access Hammock from your browser on PC, mobile or tablet anytime as well as on our mobile apps for Apple and Android.
Hammock is the accounting platform for landlords. We provide bookkeeping, tax statements and property investment metrics (loan to value ratio, rental yields, profit and loss, arrears balance and more) for landlords. We’ll help you get rid of the spreadsheets and paper notes, by giving you real-time access to their rental income and expenses. We’ll also make sure that you stay on top of compliance, sending you notifications and alerts about expiring documents and certificates.
Hammock uses technology to monitor and reconcile all property-related payments in real time.
It only takes a quick setup:
1. Register a property;
2. Add a tenancy;
3. Track a rent payment.
All set! Hammock will then automatically monitor your rental payments, send you notifications as they happen (or as soon as they’re late/missing) and reconcile transactions in real-time.
If you manage a rental property (or more), collect rent and pay taxes, Hammock is for you.
Security is of paramount importance to us, and we take the safety of your financial data very seriously.
If you would like to learn more about our security processes or have any further questions then please contact us: security@usehammock.com
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Hammock is the accounting platform for UK landlords. From a single platform, landlords can manage all transactions related to their rental properties, access automated bookkeeping services and keep track of their property tax statement. Landlords can securely connect unlimited bank feeds (we are FCA registered no.
911254) to bring all their property finances in one place.
All rent payments, together with other incoming and outcoming transactions for all properties in a landlord’s portfolio, are then tracked in Hammock and reconciled in real-time.
Hammock’s automated bookkeeping matches incoming and outgoing payments with the relevant properties and tenants, all in real-time. This means that landlords will not have to browse through bank statements, finding and highlighting expected transactions and painstakingly tracking any late or missing ones. Hammock will reduce all the time spent on administrative tasks for property finances to a quick tap on the phone (we have mobile apps for both Apple and Android devices) and a scan of a landlord’s reconciled transactions.
All the payments reconciled then feed directly into the property tax statement, where they are mapped against the categories of the SA105 form (the document to fill for those who have income from property). The tax statement is updated in real-time, so landlords will have no surprise tax bills to deal with. Hammock also provides an estimate of the total amount ot the tax bill and gives landlords an option to save over time, so funds dedicated to paying tax are stored away during the year, instead ot being chased
last minute.
The reconciled payments also feed the Hammock insights, that display in real-time all the key metrics to monitor for buy to let investments. Loan to value ratio, profit and loss statements, rental yields and more are available 24/7 and refreshed in real-time.
Landlords receive instant notifications about all payments, and also periodic summaries and statements to keep tabs on their cash flow. Hammock keeps a running total of the arrears balance per property and per tenant, making it easy to spot any missing payments immediately and to agree on repayment plans.