What's the safest way to pay a tradesperson over £5000? - HotUKDeals
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What's the safest way to pay a tradesperson over £5000?

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I'm going to go to the bank to ask for their advice, but in the meantime, how would you pay for building work to the value of £5500? PS. I don't have a credit card. Read More
squiff Avatar
4m, 3w agoPosted 4 months, 3 weeks ago
I'm going to go to the bank to ask for their advice, but in the meantime, how would you pay for building work to the value of £5500?

PS. I don't have a credit card.
squiff Avatar
4m, 3w agoPosted 4 months, 3 weeks ago
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(1)
Only when the works complete. And ensuring a receipt (even if you hand write one yourself) is obtained.

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#1
You can just do a faster payment for this amount .. Likely to be there the same day depending on bank going to and from .. No charge
#2
Only when the works complete. And ensuring a receipt (even if you hand write one yourself) is obtained.
#3
Cheque but even that only gives you around 5-10 days to claw back the payment.
#4
not till its done.
#5
Could you give the money to someone you know ( and trust of course ) to pay via a Credit Card as Clause 75 would apply if you had problems with the Tradesman.
Do NOT pay until the work is finished, as per manc80's post too.
#6
future dated cheque X)
#8
After it was complete and I was satisfied anyway the wanted as long as I got a proper reciept
#9
if it's a contract then maybe a solicitor both parties trust will be the intermediary?
#10
I won't be paying until the work is complete. It's HOW to pay that worries me - and yes I'll be getting a receipt!
#11
Pay in stages of completion by cheques.
Make sure the payee on cq makes reference to the business rather than individual as easier to prove if any issue where trading standards get involved .
Obviously could be a excellent builder and have no problems .
#12
Wait till everything is done and you are happy with it, get invoices and pay with a bank cheque.
#13
go to the cash machine everyday draw outyour max then pay your builder everyday
#14
If you are paying after work completed as well as happy with job why does it matter how you pay.You will be getting a receipt for work completed.
#15
bankers draft or cheque in his trading name only that way he has to put it through his business account
#16
make sure you get the warranty too or building societies/banks won't mortgage it for future buyers. which means you'll struggle to sell it
#17
I'm with tomminator on this one.
#18
just do a electronic bank transfer.... in the reference quote the invoice or quote number
#19
It infuriates me that people assume they have credit facilities with a tradesman (I'm sure I will get grief here). It always seems that so many people are reluctant to pay them and seem to think they will not finish a job. If you think so low of them them maybe become a DIYer
tomminator
bankers draft or cheque in his trading name only that way he has to put it through his business account
#20
rodders443
Wait till everything is done and you are happy with it, get invoices and pay with a bank cheque.
You will surely have to pay in agreed stages and it really makes businesses lives difficult now paying by cheque

Edited By: lulue on Jan 25, 2017 21:24
#21
Only thing having a business account proves is their ability to pay extortionate charges for basic banking services.

Always find the fairest method is stage payments all agreed before starting. No one is then assuming all the risk. There are just as many substandard customers as poor tradespeople out there
#22
tomminator
make sure you get the warranty too or building societies/banks won't mortgage it for future buyers. which means you'll struggle to sell it
It's building control (your local council) that need to sign off which may affect a mortgage - nothing to do with a warranty at all.Of course make sure you get one if you can but not all of these are physical - some are in general terms and conditions and others will relate to parts used and not in the responsibility of the tradesman at all. You need to ensure though that you have all completion certificates as some work could invalidate insurances without formal paperwork.
#23
u don't u pay in stages will be the best bet what are u having done is it going to be in stages or like windows then just pay at the end in 1 go as long as the works all good it shouldn't be a problem I would probably just pay cash but everyone's different.
#24
random_dude
future dated cheque X)


Don't work anymore. Banks will process it immediately
#25
matt1982villa
Only thing having a business account proves is their ability to pay extortionate charges for basic banking services.

Always find the fairest method is stage payments all agreed before starting. No one is then assuming all the risk. There are just as many substandard customers as poor tradespeople out there

totally agree - some who deliberately restrict availability to finish work that may be worth £50 but withhold thousands because of it.
#26
random_dude
future dated cheque X)


Post dating a cheque is a bad idea. If the tradesman tries to cash it before the date and they refuse to accept it you could end up being charged. Not for sure, but an unnecessary cost if your bank gets petty.
#27
I'm even more confused since I started this thread :(
#28
The bank Can provide you with a cashiers cheque, or bank transfer
#29
Just speak to the bank, I doubt anybody on here is a Banker worker
#30
squiff
I'm even more confused since I started this thread :(


what are u confused about. usually it's best to pay in installments after certain things have been done this keeps both party's happy and on the correct path. best way aswell as u don't need carry or keep lots of money with u or at home all the time.
#31
MynameisM
squiff
I'm even more confused since I started this thread :(
what are u confused about. usually it's best to pay in installments after certain things have been done this keeps both party's happy and on the correct path. best way aswell as u don't need carry or keep lots of money with u or at home all the time.

I'm confused because some are saying pay by cheque, others say pay by cash, others say by bank transfer, some say to pay in installments and others say don't pay until the work is completed.
#32
squiff
MynameisM
squiff
I'm even more confused since I started this thread :(
what are u confused about. usually it's best to pay in installments after certain things have been done this keeps both party's happy and on the correct path. best way aswell as u don't need carry or keep lots of money with u or at home all the time.
I'm confused because some are saying pay by cheque, others say pay by cash, others say by bank transfer, some say to pay in installments and others say don't pay until the work is completed.

Did you say that you will be paying after the work has completed? I would be surprised they would do this without at least 50% deposit.
#33
I worked in various banks and roles for 16 years. If you want to pay them directly either go to branch with the tradespersons sort code, account number and any reference they want you to put, alternatively you can do this same thing over Internet or telephone banking if that's set up .. Like others have said you could pay via cheque ... But some people might not want cheque due to clearing times for example if you pay in stages and they need your money to purchase goods for the job
#34
lulue a building society wouldn't mortgage a property because the owner had knocked partition walls down to make a bigger room and the owner couldnt provide warranties
#35
businesses who dont have bad credit get credit from suppliers ie building materials etc and if they have reasons to complain about bank charges etc they should be with a better bank , the builders qouted you a price before they started the job so they should expect to wait for the payment , guess what its called being in business , they could always get a paye job if they dont like it if course , DO NOT PAY CASH , they can deny any receipt is even from them at all should anything go wrong after theyve left always put it into their business account so you can prove youve paid them .
#36
tomminator
businesses who dont have bad credit get credit from suppliers ie building materials etc and if they have reasons to complain about bank charges etc they should be with a better bank , the builders qouted you a price before they started the job so they should expect to wait for the payment , guess what its called being in business , they could always get a paye job if they dont like it if course , DO NOT PAY CASH , they can deny any receipt is even from them at all should anything go wrong after theyve left always put it into their business account so you can prove youve paid them .


As opposed to paying into any other account which leaves you with no proof whatsoever?
#37
Also, what about bad paying customers? Shouldn't businesses and in particular one man bands who can struggle with cash flow be entitled to protect themselves a little against con artists especially when laying out for materials which said con artists keep regardless?

I do understand trades do have a bad reputation for running off with money but there has to be a balance and stage payments is it.
#38
As for credit from suppliers, that is usually only 30 days and if payment has still not been received it still needs paying from the tradespersons pocket.

Regards a better bank, if you can find a business account that does not charge extortionate amounts for basic banking then you must be a business God.

As regards waiting for payment, this has gone far enough and accounts departments everywhere whose main role is to keep hold of company money for as long as possible are to blame. Why shouldn't a person or business be paid when a job has been done?
#39
Only thing anywhere near sensible is do not pay in cash but only because of the risk involved carrying large amounts
#40
Best advice from a trades' point of view squiff is to agree all the details before work starts. That way both parties know where they stand and all expectations.

On your original question, bank transfer to any bank account is safest because you have a solid paper trail, the builder pays no bank charges and you do not have to carry large amounts of cash. Any person you have working for you, I am assuming you checked them out before work started? Therefore any invoice they leave you should be genuine and so you will have some form of comeback and proof of payment should anything go wrong.

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