Deposit bonds

Buy a property now and keep your cash

Want to purchase now but your cash is tied up in your current home or other investments? The solution might be a Deposit Bond.

What is a Deposit Bond?

A cost-effective, time efficient alternative to a cash deposit. It is a guarantee to the vendor equal to the amount of deposit required, usually 10% of the purchase price.

What are the benefits of using a Deposit Bond

• Your savings remain intact, continuing to earn interest
• You can avoid the expense of bridging finance
• You can purchase 'off the plan' residential properties
• You can usually use a Deposit Bond at Auction.

Who accepts Deposit Bonds?

Most vendors and real estate agents such as Ray White will accept a deposit bond, but it is the sole discretion of the vendor as to whether they accept them or not. You definitely need to check and you need prior consent to use them at auction.

When does the Deposit Bond expire?

The deposit bond ceases when the contract of sale is completed, terminated, rescinded or the expiry date occurs, whichever happens first. Typically deposit bonds are available for up to 4 years.

Get Your Deposit Bond from a Good Mortgage Broker

You can get a Deposit Bond application form from a good mortgage broker. We recommend Julia Kabakoff at Loan Market. His services are free and he has helped many home owners in our area over many years and understands local property values and finding the home loan which is in your best interest.

You can call Julia Kabakoff direct on 0423 027 846