A Deposit Bond is a guarantee or bond that substitutes for a cash deposit between signing contracts and settlements.

They can be issued for all or part of the deposit amount required, up to 10% of the purchase price.

They are of particular benefit when selling and buying simultaneously as the required deposit is not generally available as cash at the time of exchanging contracts.

Investors also find them particularly useful.

Available Products include Short Term Guarantee for settlement terms up to 6 months or Long Term Guarantee for settlement terms between 6 and 48 months.

We recommend Deposit Power as the leading provider of Deposit Bonds in the market.

You’re My Choice consultant can provide you with a quote and assist in the application process.