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.
Our Client Story
Kim and Ray wanted to sell their long-term family home and move to a smaller, low-maintenance home for their retirement.
They had found an off the plan townhouse that suited their needs perfectly, but to access the required 10% deposit they would have needed to break a term deposit early, incurring penalties and triggering tax implications. Their other option was to take on additional debt on their home, which they didn’t want to do.
With a strong equity position due to their existing home being mortgage-free, Kim and Ray were well qualified for a long-term deposit bond. They received approval and the bond was issued within 48 hours of applying, allowing them to use this for the deposit and proceed with securing the property.