About Desposit Bonds

Deposit Bonds are a guarantee or bond that substitutes for a cash deposit between signing contracts and settlements.

Why is this helpful to you?

If you are financing 100% or 95% Finance of the purchase price and you have to 10% deposit in on the contract, then once you have an approval (exception to Valuation only), then you can use a deposit bond for the deposit.

If you are buying off the plan* and you do not want to use your cash, then you can use a deposit bond.

You want to keep you money in the bank or on a term deposit, you can use a deposit bond for the deposit, until settlement of you new property purchase.