We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Builder asking for too much money upfront for extension and shed builds

12346»

Comments

  • teneighty
    teneighty Posts: 1,347 Forumite
    edited 1 February 2018 at 12:49PM
    Deposit protection insurance is available but I have never used it so have no idea how much it costs.

    See if you can pay by credit/Visa card. Some builders accept them ask your builder.

    Some trade associations offer deposit protection schemes, ask if your builder is a member of one.

    Personally I've never paid a deposit unless for specialist materials that are being made to order. If you have a good building contract in place the builder shouldn't need to take a deposit but builders seem to not trust written contracts...I wonder why?
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    LandyAndy wrote: »
    Since when has ' become !!!8217; ?

    As of yesterday afternoon, when I can't revolve my phone to access the 'edit' button and MSE randomly decides not to post - like the post after my last one apologising.

    Im on my laptop now. I wonder if I have apostrophes.

    EDIT: I do. Something to do with my phone!
    Everything that is supposed to be in heaven is already here on earth.
  • Mutton_Geoff
    Mutton_Geoff Posts: 4,068 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    For my last big project, prior to starting I did a credit check on the builder using www.ccssolutions.co.uk (no connection, just happy customer). I got an 11 page report with recommended credit limits etc which cost me £25 plus VAT.


    I didn't need to pay anything up front since the builder had just had a big job postponed and could fit me in sooner.
    Signature on holiday for two weeks
  • krmach
    krmach Posts: 45 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    Just a quick update on this. After a lot of back and forth between myself and builder regarding deposit. The builder eventually offered that I pay 1/3 of the deposit and the rest nearer the build as the insurance backed guarantee covers only 90 days. So I'm very happy I stood my ground. I was prepared to walk away and start the tender process all over again but thankfully didn't have to do it. I'm fine paying a deposit but I also need protection for my money and that's the bottom line.

    Thanks to everyone who replied, really helpful advice.
  • PhilE
    PhilE Posts: 566 Forumite
    Bob is talking nonsense. Don't go with him, you'll probably have more problems to come.

    We're all telling you this for a reason. Drop him.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.