Letting Agents + Divorce Proceedings: The Challenge
As letting agent, preparing bank statements for divorce proceedings is a common but time-consuming task. Divorce financial disclosure (Form E) requires detailed bank statement analysis. Solicitors and clients need to review months of transactions to identify assets and spending.
How BankScan AI Helps Letting Agents with Divorce Proceedings
Convert your client money account statements to Excel for fast reconciliation of rent receipts, deposit transfers, and management fee deductions. For divorce proceedings specifically, BankScan AI extracts Hidden income, undisclosed accounts, transfers to third parties, luxury spending automatically.
How Letting Agents Handle Divorce Proceedings
When preparing bank statements for divorce proceedings, letting agents need to Letting agents collect rent from tenants into client money accounts, deduct management fees, pay landlords their net rent, handle deposit protection s. BankScan AI automates the data extraction step.
Key terms you'll encounter: client money protection, landlord statement, tenant deposit scheme, management fee.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12 months minimum, often 2-3 years for asset tracing and establishing spending patterns during the marriage of statements for divorce proceedings.
AI extracts what you need
Our AI extracts Hidden income, undisclosed accounts, transfers to third part — formatted for letting agents workflows.
Complete your divorce proceedings work
Download Excel files ready for divorce proceedings. Organised by account with running totals, suspicious transactions highlighted, summaries matching Form E sections (income, liabilities, expenditure)
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Letting Agents — Divorce Proceedings
- Built for Letting Agents — Saves 3-4 hours per week on client money account reconciliation for a letting agent managing 100+ properties
- Software compatible — Output works directly with Goodlord, Arthur Online, PayProp
- Built for Divorce Proceedings — Convert bank statements to searchable Excel spreadsheets for Form E preparation, asset tracing, and financial disclosure in divorce proceedings.
- Key data extracted — Hidden income, undisclosed accounts, transfers to third parties, luxury spending, dissipation of assets, regular savings contributions, mortgage payments
Compliance: Letting Agents + Divorce Proceedings
When letting agents prepare bank statements for divorce proceedings, specific compliance requirements apply.
- Letting agents must comply with Client Money Protection (CMP) schemes, which are now mandatory. The Tenant Fees Act 2019 restricts chargeable fees. Deposit protection within 30 days is a legal requirement. ARLA Propertymark members face additional auditing of client money accounts. Anti-money laundering rules apply to property transactions.
- Legal basis: Family Procedure Rules 2010 Part 9; duty of full and frank financial disclosure established in Livesey v Jenkins [1985]
Divorce Proceedings — Built for Letting Agents
Form E must be filed by the court deadline, typically 35 days after the directions order; late disclosure can result in adverse cost orders
Try Free — Letting Agents + Divorce Proceedings