What is it?

• It's a bond that subsitutes for a cash deposit between signing contracts and settlement.
• It can represent all or part of the deposit, up to a maximum of 10% of the purchase price.
• It is a convenient way of purchasing a property without the worries of arranging a cash deposit.

What are the benefits?

• Can speed up settlement.
• The purchaser is genuine. Their finance is already approved.
• Full 10% deposit can be obtained for vendors protection.

Why choose a Deposit bond?

• Cost effective.
• Negates need to break investment or shares.
• Avoids expensive alternatives - e.g personal loans.
• No need to reply on deposit release
• Customer can retain the cash in "The Bank"
• One fee - no interest
• Speed - available in 24hrs which will help secure the property quickly.