Standing Order payments are similar to a Direct Debit, except you will need to set up a new Standing Order if the rental amount changes. Standing Orders put the responsibility onto you to ensure that the regular payments are scheduled and paid for correctly.
Standing Order payments must be made in advance and most banks will allow weekly, fortnightly or monthly payments. As with Direct Debits, please make sure you have enough money in your account before the payments are due to go out and check your statements to make sure that payments have been made successfully.
You can set up a standing order at your bank and our bank details are:
HSBC
Finsbury Park
312 Seven Sisters Road
London N4 2AW
Acc Name: North London Muslim Housing Association
Account Number: 91073095
Sort Code: 40-06-25
Please ensure your tenancy number is setup with your payment to ensure it is allocated properly to your account.
Please note that, unlike Direct Debit Payments, the amount you pay will not change automatically with any changes in your rent level. You will need to instruct your bank to update the amount paid.