What is a Deposit Bond?
A Deposit Bond is a guarantee that is used as a substitute for the traditional 10%
cash deposit you are required to pay up-front when purchasing a property. This
means you can keep your deposit money working for you right up until settlement,
when you pay the full purchase price.
Why use a Deposit Bond?
By using a Deposit Bond there is no need for you to withdraw from savings or race around trying to obtain finance using equity in existing property. Using a Deposit Bond is
cheaper than obtaining finance and in as little as 48 hours you could have secured
your new property.
