Hammock - What You Need to Know
Everything you need to know about Hammock
At a glance
Software Type
Property Platform
Target Users
Landlords, Property Investors
Income Sources Supported
UK Property + Foreign Property only
Free MTD Software Plan
30-day free trial only
MTD Quarterly Updates to HMRC
Yes
Final Declaration
Yes
Overview
Hammock is a UK-based fintech platform that provides automated bookkeeping, property tax statements, and investment insights specifically for landlords. Founded in 2019 and backed by \$5.5m in funding, Hammock positions itself as the first landlord software recognised by HMRC as compatible with Making Tax Digital. The platform uses open banking APIs to connect to landlords' bank accounts and automatically monitor, categorise, and reconcile all property-related transactions in real time. 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
| Feature | Basic – From £5.99/month | Growth – £11.99/month | Pro – Custom pricing |
|---|---|---|---|
| 1-3 properties | ✓ | – | – |
| 4-10 properties | – | ✓ | – |
| 20+ properties | – | – | ✓ |
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
- Excellent Trustpilot reviews (5 stars, 64+ reviews)
Weaknesses
- UK property income only - no foreign property support
- No self-employment income support, property income only
- Quarterly updates only - cannot submit tax returns
- No free tier available
- Basic joint ownership handling
- No agent filing on behalf of landlords
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