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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Safety of deposit?

We are thinking of going ahead with a job in the garden, which is allowed. He is wanting a £1k deposit to get materials. I have used this tradesman before so there is no issue from that point of view, but, if things were to fall through and for whatever reason he cannot do the job, do we have any safety at all in terms of getting the deposit back? The deposit is being requested as a bank transfer.

Thanks!

Comments

  • tacpot12
    tacpot12 Posts: 9,527 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    You should sign a contract with him that makes it clear that you are giving him £1k to buy materials that are then your property, not his.  Giving him the problem of sourcing them and storing them until the job starts is a good idea. The contract should make it clear that he owns you either £1000 cash or £1000 of materials at all times. Under the circumstances, your contract should also pre-decide what will happen if he can't start the work for some time, or ever (He could catch the virus and die if he is still leaving his house.)
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • bris
    bris Posts: 10,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bottom line there is no options to recover a bank transfer so you either trust him or you don't. 
    If you want to be sure then you can insist you pay the suppliers direct for the goods, this may well be taken as an insult to his name though but thats another problem to deal with later.
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
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K 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.