Account to run a property

belfastmark

My wife and her sister have inherited a property which they plan to rent out as a medium to long term investment. They need a joint bank account to pay builders and operating costs like insurance, rates etc, so it needs to be an account with cheque book, direct debit but preferably also a level of interest?
From my research, most interest-bearing accounts require a set and guaranteed monthly income (this might not be possible). Also this account is likely to be viewed as a business account - does that mean no free banking?.

Any ideas gratefully received.

Cranston_2

I use Abbey.

Check out their business reserve accounts.