Last updated 28 September 2008
Bank Payment Variations

Bank Payments
Standing Order v Direct Debit

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Can I alter the date of my standing order? 

STANDING ORDERS:

LeydonLettings provide standing order forms to assist tenants with their payments. 
These are available online on our website. STANDING ORDER FORM

Standing orders are completed and signed by the tenants.
Leydon Lettings is happy to assist tenants to complete forms.  The tenant remains responsibility for proper completion checking, signing and submission to your bank.
Leydon Lettings is normally happy to deposit any form with your bank at your request.

Standing orders are submitted to your bank in time for the first payment on the list.

Standing orders normally need to be submitted one month prior to the first payment listed. 
Payments listed are not payable retrospectively i.e. after the date for payment has past. Thus if a payment is missed in this way you need to pay by cheque or other method instead. 
Banks willl ignore the first payment(s) if the standing order is submitted too late to process the first payment(s) on the list. 
The next payments will normally be honoured if it is prior to the date of due payment. 
Therefore do check before submitting a further standing order that the original is not still operative.
Standing orders at all times remain in the control of the bank account holder: Student, Parent or Guardian.
At any point tenants are entitled to alter or cancel a standing order with their bank.
LeydonLettings has no authority to talk to a tenant's bank about their standing orders. 
Your bank will only pay what you have instructed on your standing order.

If a student loan is late, students may need to ask their bank to postpone any payment to a date when there will be sufficient funds available, to avoid bank charges.  Leydon Lettings are not responsible for any bank charges.

Standing orders require specific dates and amounts.  These can only be varied by the tenant.

Tenants are at all times free to contact their bank: in person, by telephone or online.

Tenants are thus able to instruct their bank to alter the amount or the date of a payment listed on the standing order or to add a payment or cancel another.  Landlords are not permitted to do this for you, you must organise this yourself since your bank would rightly not consider speaking to us about your standing order.

DIRECT DEBITS:

Where money is taken out of your account this describes a direct debit. 

LeydonLettings do not operate direct debits.
LeydonLettings therefore do not take money out of your account.

Occassionally a tenant will question why we have taken an amount early or late or not at all.

The answer is always that we do not take any money from any accounts. 
Only direct debits permit landlords to take variable amounts to suit tenants budgets. (Standing orders as operated by LeydonLettings do not permit this). 

 

Leydon Lettings 2006
Leydon Lettings is a Member of NLA; NFRL; RLA and all houses are accredited or licensed.