Wedding Venue Deposit - too much? or normal...

RomanticIvoryCars23327
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  • Posted: 10 Jun 2019 21:52

    Wedding Venue Deposit - too much? or normal...

    Hi everyone... very new to this so appreciate any advice in advance.

     

    We are looking to book a date a year from now... the quote includes the venue and food for the day coming to £19k total.

     

    The venue are looking for an initial deposit of £5,000 which seems pretty high to us, followed by another 7k in jan and the final 7k just before the wedding. (50% would be lost if cancelled >90 days before the wedding and 100% lost if cancelled within 90 days). 

     

    In regard to the deposit in particular... is this too high? What is a normal and reasonable deposit? 

     

    Would welcome your experiences and advice... many thanks in advance :)

     

  • Posted: 11 Jun 2019 9:45

    Re: Wedding Venue Deposit - too much? or normal...

    I think it's all relative to the total amount - our venue costs came to just under £6k, and we paid a deposit of about £2k. 

    Your total is much higher than that, so it makes sense that the deposit would be higher. A lot of venues that I looked at asked for a 50% deposit. 

    Make sure you get a contract that is signed by both you and the venue, but I don't think that £5k of £19k is outrageous.

    Hope this helps! X

  • Posted: 12 Jun 2019 11:00

    Re: Wedding Venue Deposit - too much? or normal...

    50% is known but usually its 10-20%. Yours is looking like 25% so not too over the top.

    Some venues have increased their deposits of late as in the past 2 years they (and ourselves) have seen a much higher number of cancellations than in previous years. And, once you've gone past booking season it can be hard to fill the date.

    It's always a good idea to have wedding insurance as this can cover the cost of deposits if the absolute worst can happen and I do belive wedding insurance is under £100. It covers many things although no money back if you get cold feet.

  • Posted: 12 Jun 2019 12:26

    Re: Wedding Venue Deposit - too much? or normal...

    Our quote is approx £21k and we paid a £3k deposit in may 2018, we are due to pay £2.5k in July 2019, £8k in September 2019 and the rest in January 2020 for an April 2020 wedding

  • Posted: 16 Jun 2019 19:00

    Re: Wedding Venue Deposit - too much? or normal...

    deposit on my venue is £50... venue is £1500 so between 3-4%

  • Posted: 17 Jun 2019 17:51

    Re: Wedding Venue Deposit - too much? or normal...

    Our venue, food and drinks are £5700. Our deposit was £500 with the balance due four weeks before. So, just under a 10% deposit x

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