Paperless Direct Debit Disclaimer

Please ensure the applicant(s) is/are aware of the following Direct Debit requirements and conditions:

• The applicant(s) must hold a UK bank or building society account.
• Mansfield Building Society requires all mortgage payments to be made by Direct Debit.
• Direct Debits can only be collected from an account held by one or more of the named mortgage applicants.
• Where the nominated bank account requires joint authorisation and includes an account holder who is not named on the mortgage, a Direct Debit Mandate must be completed by all account holders.
• The name that will appear on the client’s bank statement in relation to the Direct Debit will be Mansfield Building Society.
• Mansfield Building Society will arrange the Direct Debit following the release of mortgage funds and will provide confirmation at least 10 days before the first payment is due.
• Should there be any future changes to the Direct Debit date, amount, or collection frequency, Mansfield Building Society will provide the client with at least 10 working days’ notice.
• A copy of the full Direct Debit Guarantee will be issued with the applicant’s first payment letter. A copy of the Direct Debit Guarantee can also be viewed here.

By proceeding with this application, you confirm that you have discussed the above Direct Debit requirements with your applicant(s) and that they understand and accept these conditions.