Hammock - What You Need to Know
An honest, in-depth review of Hammock's MTD software for landlords. We break down features, pricing, and where it excels or falls short.
At a Glance
(creates digital records)
(FCA registered)
(creates digital records)
(FCA registered)
(FCA registered) Agent/Accountant AccessYes
(FCA registered)
| Specification | Details |
|---|---|
| Developer | Hammock Ltd |
| Headquarters | London, UK |
| HMRC Recognition | Recognised for MTD for Income Tax |
| Software Type | Full accounting (creates digital records) |
| Income Types | UK property |
| Submissions | Quarterly updates |
| Pricing | From £8+VAT/mo (Basic, 1–3 properties) |
| Free Tier | No |
| Platforms | Web, iOS, Android |
| Bank Feeds | Open Banking (FCA registered) |
| Agent/Accountant Access | Yes |
| Best For | UK landlords focused solely on property income |
| Website | usehammock.com |
Overview
Hammock was the first landlord-specific software to receive HMRC recognition for MTD for Income Tax, establishing itself as a pioneer in this space. The platform is designed exclusively for property landlords, offering real-time portfolio analytics alongside MTD compliance.
With features like LTV tracking, yield calculations, and occupancy monitoring, Hammock positions itself as more than just compliance software. This early mover advantage has translated into a mature, refined product with years of real-world feedback incorporated.
The platform's portfolio analytics capabilities set it apart from generic accounting software. Landlords can see not just their income and expenses, but meaningful metrics like loan-to-value ratios, rental yields, and occupancy rates - data that informs investment decisions rather than just satisfying tax requirements.
Hammock's FCA registration for Open Banking is worth noting. This regulatory status provides an additional layer of security and oversight for the bank connections that power its automated transaction imports.
Key Differentiators
First to Market
First landlord-specific MTD software recognised by HMRC
Portfolio Analytics
Real-time LTV, yield, and occupancy tracking
FCA Registered
Regulated Open Banking with 40+ UK banks
Key Features
MTD Compliance
Full quarterly update submissions to HMRC with a streamlined workflow designed specifically for landlords.
Portfolio Analytics
Real-time dashboards showing LTV ratios, rental yields, occupancy rates, and property-level performance.
Bank Feeds
Open Banking integration via FCA-registered connection, automatically importing transactions from 40+ UK banks.
Property Management
Track individual properties with expense categorisation and income monitoring at the property level.
Mobile Apps
Native iOS and Android apps for managing your portfolio on the go with full feature access.
Automated Rent Recognition
The system identifies rent payments from bank feeds and matches them to specific properties automatically.
Pricing Breakdown
| Plan / Tier | Properties | Monthly Price |
|---|---|---|
| Basic | 1-3 properties | £8 + VAT |
| Growth | 4-10 properties | £18 + VAT |
| Pro | 11-25 properties | £30 + VAT |
Strengths & Limitations
Strengths
- First landlord software recognised by HMRC - established track record
- Real-time portfolio analytics (LTV, yields, occupancy)
- Purpose-built for landlords, not adapted from general accounting
- FCA-registered for Open Banking
- Strong Trustpilot reviews
Limitations
- UK property income only - no foreign property support
- No self-employment income support
- Quarterly updates only - cannot submit tax returns
- No free tier available
- Basic joint ownership handling
Who is Hammock Best For?
Best for:
- UK-only landlords who want a property-focused platform
- Landlords who value real-time portfolio analytics
- Those wanting established, proven MTD software
- Property investors focused on tracking yields and LTV
Consider alternatives if:
- You have foreign property income
- You're self-employed alongside being a landlord
- You need to submit your tax return through the same software
- You want a free plan for a single property
- You need advanced joint ownership with custom ratios
How Hammock Compares
| Feature | Hammock | RentalBux | Others |
|---|---|---|---|
| UK Property | |||
| Foreign Property | |||
| Self-Employment | |||
| Free Tier | |||
| Bank Feeds | |||
| Mobile App |
Hammock vs RentalBux - Side by Side
Where Hammock Wins
- First landlord software recognised by HMRC - longer track record
- Real-time portfolio analytics built into core product
- More established review base with strong Trustpilot rating
Where RentalBux Wins
- Supports all three MTD income types (UK property, foreign property, self-employment)
- Handles both quarterly updates and tax return submission
- Free tier for single-property landlords (permanently)
- Advanced joint ownership with custom profit-sharing ratios
- Self-Assessment auto-population from accounting records
Where They're Equal
- Both are UK-based and FCA-registered
- Both offer mobile apps (iOS and Android)
- Both provide bank feed integration via Open Banking
- Both offer property-level expense tracking
Frequently Asked Questions About Hammock
Common questions about Hammock’s MTD software for landlords
How much does Hammock cost per month?
Hammock pricing starts from £8+VAT/month for 1–3 properties (Basic), £18+VAT/month for 4–10 properties (Growth), and £30+VAT/month for 11–25 properties (Pro).
Does Hammock have a free plan?
No, Hammock does not offer a free tier. All landlords must subscribe to a paid plan based on their portfolio size.
How does Hammock compare to RentalBux?
Hammock has a longer track record as the first HMRC-recognised landlord software. RentalBux offers broader coverage including foreign property income, self-employment support, tax return submission, and a free tier for single-property landlords.
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