MTD software for landlords: an honest comparison (2026)
Most accounting software was built for small businesses. Rental income was added as an afterthought.
If you're a UK landlord looking for MTD-compliant software, here's how the main options compare — including where we think Lettd is and isn't the right fit.
What to look for in MTD software as a landlord
- Understands property-specific income categories (Section 24 mortgage interest, repairs vs improvements)
- HMRC-recognised for MTD for Income Tax
- Designed for non-accountants — not full accounting software
- Priced for individual landlords, not portfolios
Comparison table
| Software | Best for | Annual cost (1 property) | Built for landlords |
|---|---|---|---|
| Lettd | Accidental landlords | £49/yr | |
| Hammock | Bank-connected solutions | £84–180/yr | |
| Landlord Studio | Large portfolios | £120–228/yr | |
| GoSimpleTax | Complex self-employment | £50–99/yr |
Software breakdown
Lettd
Our pick for accidental landlordsPurpose-built for UK landlords navigating MTD for the first time. One flat price covers unlimited properties, all four quarterly submissions, year-end summary, and deadline reminders. No upsells, no complexity you don't need.
Pros
- Simplest onboarding of any option
- Fixed £49/year for unlimited properties
- Designed specifically for MTD compliance
- Plain English throughout
Cons
- No bank feed integration (manual entry)
- No tenancy management features
- Newer product — smaller track record
Hammock
Best for bank-connected workflowsHammock connects to your bank account to automatically categorise transactions. Good if you want to minimise manual data entry. Landlord-specific features with a stronger property focus than generic accounting tools.
Pros
- Automatic bank transaction import
- Good landlord-specific categorisation
- Clean, modern interface
Cons
- Higher price point (£84–180/yr)
- Bank connection required for full value
- More features than most landlords need
Landlord Studio
Best for larger portfoliosFull property management platform including tenancy tracking, maintenance logging, and document storage alongside accounting and MTD. Overkill for a single accidental landlord, but strong for anyone managing 5+ properties.
Pros
- Full property management suite
- Strong multi-property support
- Tenant and lease management
Cons
- Most expensive option
- Complex for simple use cases
- Many features irrelevant to accidental landlords
GoSimpleTax
Not specifically for landlordsA solid self-assessment tool that handles rental income as one income type among many. Not built specifically for landlords — you won't get property-specific guidance or landlord-focused features.
Pros
- Handles complex income mixes
- Cheaper for basic use
- Well-established product
Cons
- Not landlord-specific
- Property income is an add-on, not the focus
- Less guidance on landlord-specific rules
Are there free MTD software options?
All providers offer limited free tiers, but none include full MTD quarterly submissions for free. HMRC does not provide free MTD submission software for landlords. At £49/year, Lettd is the most affordable fully-featured option.
Our verdict
If you're an accidental landlord with one or two properties who wants to stay compliant without becoming an accountant, Lettd is the right fit. If you want automatic bank feeds and have the budget, Hammock is worth considering. If you're managing a larger portfolio with tenancy complexity, Landlord Studio is the most complete option.
Try Lettd free
Take the 2-minute quiz to check if MTD applies to you. No payment required to get started.
Check if MTD applies to youFrequently asked questions
Does HMRC provide free MTD software?
No. HMRC does not provide free MTD submission software for landlords. You need to use HMRC-recognised third-party software.
Can I use spreadsheets for MTD?
Spreadsheets alone are not sufficient for MTD — you need software that can submit directly to HMRC via the official API. Some bridging software exists that can read from spreadsheets and submit, but it adds complexity.
Do I need to switch from my current accountant software?
If your current software is HMRC-recognised for MTD for Income Tax, you may be able to stay with it. Check the HMRC recognised software list. Many general accounting packages aren't recognised specifically for landlord income.
Is Lettd on the HMRC recognised software list?
We're currently in the HMRC recognition process. Our API integration is fully built and tested against the HMRC sandbox.