Credit Crunch Dilemma - financial advice?

sal-ad_daze

Hi
Hoping for some advice here if you can help I'd be ever so grateful.
My daughter and her fiance have put half the deposit down on their venue and are due to pay the other half soon, it's a very expinsive venue:rolleyes:
The problem is, that her fiance has had his hours at work cut as in no more 'permanent' overtime and it's looking this way for the forseeable future. They are not sure they can still afford this lovely venue.
The owner has allowed them a date that is normally closed to weddings so they feel as if they can't 'barter' for discounts to make things more affordable.
What we are worried about is if they cancel now we know they will lose the deposit already paid but will the venue be able to claim the other half of the deposit?
They have had some hassle from family and 'friends' because they have chosen a date so near Christmas but they had been given 2 years notice and my daughter quite frankly feels 'why should she and her fiance struggle to pay for a very expensive meal etc. (the actual cost of hiring the venue is very reasonable, it's the catering that costs a bomb) when people are already doing nothing but complain' they don't want to go into debt by getting a loan (and actually don't know if they could in this climate!).
Sorry for the long post but although they are resigned to losing what they've already paid if they cancel, having to pay the 2nd part will be an awful lot to lose!
Thanks

gill_81uk

Could they still hold it there but drastically cut down the number of guests to make it more affordable?

lindaatno9

Exactly what I was going to suggest Gill. Especially if people are already rocking the boat concerning the date the bride and groom have chosen.

Floss

sal-ad_daze wrote: »

........They have had some hassle from family and 'friends' because they have chosen a date so near Christmas but they had been given 2 years notice and my daughter quite frankly feels 'why should she and her fiance struggle to pay for a very expensive meal etc........

I agree - slash the guest list. If those who are complaining happen to become un-unvited, then it is just a coincidence :whistle:

sal-ad_daze

The owner let them have the 'closed' date on the proviso that they guest numbers stayed at the minimum stated when they originally booked!
They have minimum numbers anyway.

lindaatno9

Have a look at the T&C. If they don't normally release that day to weddings, there is no way you will have "taken" it from anyone else. Also, if the wedding is next year, there may be no deposit forfit.
I'd be dead cheeky and barter for it.