DEPOSIT BONDS ARE A SUBSTITUTE FOR NOT HAVING THE 10% CASH DEPOSIT UPFRONT

Now you don't need to go through the time consuming exercise of selling assets or reorganising your finances to get the deposit for the purchase of a property. That's because a deposit bond can act as a cash deposit between signing the contract of sale and settlement of the property. However, on applying you must prove you will have the funds available to pay the deposit at the time of settlement.

This deposit bond can be issued for all or part of the deposit amount required, up to 10% of the purchase price. It's useful for asset rich/cash poor customers and it's convenient for first home buyers who may have assets tied up in other investments.

It's quick and easy:   You return a completed and signed double sided application form to us and the deposit bond will be issued within 48 hours to you, us and the vendor's real estate agent from an insurer like Vero.

It's flexible:                  Deposit bonds can be used for private treaty and auction purchases. Check with the vendor of the auctioned property if they will accept a deposit bond instead of cash or a cheque before you commence bidding.

It's cost effective:     It only costs a one off flat fee of 1.2% of the deposit amount. For example, if you were buying a $400,000 home and require an upfront 10% deposit of $40,000 then applying for a deposit bond would only cost you $480.