Deposit bonds
Securing a deposit loan is a pivotal step in the journey to purchasing a property.
A deposit bond is a form of a guarantee accepted by Vendors in lieu of a cash deposit.
If you’re in the market to purchase real estate or land, it’s standard to furnish a cash deposit, typically up to 10% of the property’s sale price. This deposit serves to secure the buyer’s dedication to the sales agreement.
Should you find yourself eager to buy but lacking immediate or easy access to the necessary 10% cash deposit, consider a deposit bond as a potential alternative to meet your needs.
Our team can help with:
- Offer a cheaper alternative to bridging finance
- Maximize interest earned on savings
- Fast turnaround
"Pratik was super helpful when I was on a tight restraint to purchase.
“Pratik was super helpful when I was on a tight restraint to purchase. I had put in an offer prior to getting my finance approved but Pratik worked his magic and the bankval came back spot on too. Would definitely recommend Pratik and the team.”
Angelica