We help buyers across Australia and New Zealand secure property with the right Deposit Bond offering choice from a trusted panel of providers so you get the best fit for your purchase, not a one-size-fits-all solution.
Why Are Deposit Bonds Suitable for Downsizers?
Many downsizers have equity tied up in property or investments and are faced with having to sell these, or take on additional debt, in order to secure their next home. This process can be stressful, take weeks to organise, and often be complicated.
A Deposit Bond allows you to quickly move forward without disrupting your financial position.
Suzanne’s Journey
Suzanne had sold her Sydney family home and was downsizing. Her offer on the new property was accepted, and she needed to proceed to exchange — including payment of the 10% deposit — under time pressure to secure it. But the deposit was payable weeks before her own sale settled and the proceeds were released.
Her alternatives all had a cost: short-term debt meant interest and fees for funds she was already due to receive, breaking an investment meant break fees and a possible capital gain, and delaying the exchange risked the property.
A deposit bond guaranteed the vendor the deposit would be paid in full at settlement, so nothing had to be borrowed or liquidated. Approved before close of business the same day, it let Suzanne exchange on time and leave her other assets untouched.