Homeowners can now spread cost of repairs or improvements as some tradespeople offer payment plans
A quarter of tradespeople now allow customers to pay for work in instalments, as a way of helping homeowners afford renovations throughout the cost of living crisis. New research by IronmongeryDirect, one of the UK’s largest suppliers of specialist ironmongery, surveyed tradespeople across the nation and found that almost two in five have been asked about payment plans in recent months.
Certain trades are also more likely than others to offer such schemes. More than two-thirds of roofers allow their clients to pay on finance, ahead of bricklayers and locksmiths .Payment plans offer advantages to both tradespeople and customers - more than a fifth of workers think they’d help attract more business - but precautions need to be taken to ensure financial security.
“However, you should take extreme care if you decide to go down this route, as there is always the danger that you could miss out on the full amount, either due to awkward customers or simply through paperwork errors. That’s why we’ve partnered with Forbes Burton to create a thorough guide for those considering this option.”
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