Paying rent by direct debit

SavingSomeCoin

Hello all,

I have recently moved into a new flat. The agency gave me a standing order mandate so my guarantor could pay the montly rent. However we explained, myself as the tenant would be paying for this and they said there would be no problem.

However when I went into their office to get the standing order form, they said this was not set up. They said I had to come back and sign a direct debit form just after I got paid.

I cannot understand the problem with using a standing order as method of payment, I have used this with all landlords/agencies over the past 10 years. Is there any reason for them using D/D instead?

Thanks in advance,
SavingSomeCoin :beer:

G_M

I would not use a DD. This give the landlord/agent the ability to vary the amounts etc. A Standing Order is controlled by you.

You can get a standing order application form from your bank (as it is you that sets up a SO). If you have internet banking you may be able to set it up online. Take it to the agent (or write to them, or better still to the landlord at the address on your tenancy) and ask for their sort code and account number. Add those details to the form and return it to your bank.

Job done.

jjlandlord

I'd refuse to pay my rent through direct debit as it'd give complete control to the agent.

You just need the agent's bank details to set up a standing order with your bank (even online). So just do it (TM)

chris_m

DD may be cheaper to process than SO, it's also something that they can have control of whereas an SO requires the sender to set it up and maintain it.

They "may" also be thinking the DD enables them to apply any increases or supplementary charges easier - however, if they have not properly communicated any changes to you and received your agreement you do have the Direct Debit Guarantee on your side if they do try and slip anything through.