Best Software for Landlords

Why Landlords Need MTD-Compatible Software

From April 2026, landlords earning over £50,000 in gross rental income must comply with Making Tax Digital for Income Tax Self Assessment (MTD ITSA). This means:

• Keeping digital records

• Submitting quarterly updates to HMRC

• Sending an End-of-Period Statement (EOPS) and Final Declaration

The right software can make this process easy — and even help you better manage your rental income, expenses, and cash flow.

Top 5 MTD Software Options for Landlords

Here are some of the best HMRC-recognised software options for landlords in 2025, based on features, pricing, mobile access, and MTD readiness.

1. Hammock – Best for Property-Specific Tools

Overview: Hammock is built specifically for landlords. It automatically tracks rental income, expenses, and profits by syncing with your bank account.

Features:

• Automated rent tracking and reminders

• Expense categorisation by property

• Real-time profit/loss view

• MTD ITSA compatible

• Mobile app available ✅

Why landlords love it: Tailored features for rental property owners and ready for MTD.

Price: From £5/month (as of 2025)

2. FreeAgent – Best for Landlords with a Business

Overview: FreeAgent is an excellent cloud accounting tool for landlords who are also self-employed or run a business.

Features:

• Supports both property income and business income

• Full MTD ITSA compatibility

• Invoice and expense tracking

• Bank feeds and reporting

• Mobile app available ✅

Why landlords love it: Great for landlords with mixed income streams (e.g. rental + self-employment).

Price: Often free with certain bank accounts (e.g. NatWest), or from £14.50/month

3. Xero – Best for Portfolio Landlords

Overview: Xero is a popular cloud-based accounting platform used by businesses and landlords alike. It's robust, flexible, and well-supported.

Features:

• Real-time bank feeds

• Advanced expense management

• Property-specific tracking possible with customisation

• MTD ITSA support

• Mobile app available ✅

Why landlords love it:Great scalability for landlords managing multiple properties or using letting agents.

Price: From £15/month

4. QuickBooks Online – Best for Simplicity and Support

Overview:QuickBooks is trusted worldwide and offers landlord-friendly features with a clear, beginner-friendly dashboard.

Features:

• Income & expense tracking

• Bank account integration

• Invoicing and receipts

• Ready for MTD ITSA

• Mobile app available ✅

Why landlords love it: User-friendly design and strong customer support make it ideal for beginners.

Price: From £12/month (with frequent discounts)

5. Untied – Best for DIY Landlords on a Budget

Overview: Untied is a low-cost MTD-compatible app for individuals who want to manage their taxes simply and affordably.

Features:

• MTD for Income Tax ready

• Track rental and freelance income

• Simple submission process

• Designed for mobile users ✅

Why landlords love it: Perfect for smaller landlords or those who want a mobile-first experience.

Price: Free plan available; Pro from £9.99/month

Feature Comparison Table

Software	MTD Compatible	Mobile App	Landlord Specific Tools	Starting Price
Hammock	✅	✅	✅	£5/month
FreeAgent	✅	✅	❌	£14.50/month
Xero	✅	✅	❌	£15/month
QuickBooks	✅	✅	❌	£12/month
Untied	✅	✅	❌	£9.99/month

What to Consider When Choosing MTD Software

• Is it fully HMRC approved for MTD for Income Tax?

• Does it support your property income structure (joint ownership, furnished holiday lets, etc.)?

• Do you want automation and alerts (e.g. rent due dates, tax reminders)?

• Will you be sharing access with an accountant or property manager?

• Do you prefer desktop, mobile, or both?

Do Landlords Have to Use Software for MTD?

Yes. Once you're above the threshold, you must use HMRC-recognised software for:

• Keeping digital records

• Submitting quarterly updates

• Filing end-of-year reports

Spreadsheets or paper records alone won’t meet the legal requirements.

Final Thoughts

Whether you manage one flat or an entire portfolio, using the right software will make Making Tax Digital simpler, faster, and less stressful.

Don’t wait until 2026. Start using digital tools now to get comfortable and stay ahead of HMRC’s rollout.