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How broker David Newham helps clients sell and buy property without an upfront cash deposit.
Deposit Power x Core Mortgage Brokers
Key takeaways:
- David Newham, Lead Broker and General Manager at Core Mortgage Brokers, unlocks simultaneous settlement that may otherwise stall when client’s funds are tied up in equity or sale proceeds.
- Fast approvals allow clients to sell and buy property faster in a fast-moving property market.
- For a small one-off fee of $1,845 David’s clients benefitted from a quick and stress-free deposit solution that met their needs.
Property purchase
- Purchase price: $1,230,000
- Deposit amount: $123,000 (10%)
- Loan approved: $800,000
- Type of property: Established property
- Purchase type: Owner-occupied
- Location: Tahmoor, NSW
- Settlement term: within 6 months
Property Owned
- Sale price: $1,040,000
- Equity amount: $532,000
- Type of property: Established property
$1,845
One-off fee upfront.
Fast Approval in Hours
Same day turnaround from application to approval.
Quicker Exchanges
Mean quicker settlements. A win-win for everyone.
The challenge: Buying a property without a cash deposit
Peter and Natalie (their names have been changed to protect client’s privacy) are long-term clients of David. As their family needs evolved, they were ready to upsize into a larger home with more living and outdoor spaces.
They found the right property and needed to move quickly to secure it, without disrupting their broader financial position.
Although Peter and Natalie are in a great financial situation and have a loan approved for the purchase, the 10% cash deposit requirement was a blocker to their purchase. Their funds were tied up in equity in the property they recently sold and the early release of the sale deposit was not possible, as the buyer had used a deposit bond to secure their purchase.
Delaying exchange risked losing Peter and Natalie’s new home.
The solution: Using a deposit bond as their property deposit
David immediately identified a deposit bond as the most efficient solution to bridge the deposit gap.
Instead of restructuring the deal or forcing clients to liquidate cash reserves, which can take days, if not weeks, David recommended a short-term deposit bond, positioning it as part of the overall finance strategy for the purchase.
“As part of the finance process, we know early whether a client has access to cash. If they don’t, we recommend a Deposit Power bond. We’ve used Deposit Power exclusively for over 15 years because the service is second to none!”
A successful outcome: Peter and Natalie secured their new home with ease and speed
A short-term deposit bond (for up to 6 months) for a small one-off fee of $1,845 guaranteed the full deposit to the seller, allowing Peter and Natalie to exchange contracts immediately while keeping their cash reserves intact until settlement.
- Deposit hurdle removed
- Exchange contracts quickly
- Align the timing of the property sale and purchase seamlessly.
Broker benefits: Deposit bonds strengthen your value proposition
David highly recommends Deposit Power to other mortgage brokers.
“If you’re not offering deposit bonds, you’re missing a key point of difference. The process is online, takes minutes and bonds can be issued within hours.”
By partnering with Deposit Power, David:
- Differentiates his business with flexible, real-world solutions
- Reduces friction in upsizing and downsizing scenarios
- Maintains deal momentum in competitive markets
- Enhances client confidence at exchange
- Unlocks an additional income stream
About David
David Newham is a highly experienced finance broker with more than 26 years in the finance industry.
He specialises in:
- home loans
- refinancing
- investment property finance
- business lending
- debt consolidation.
Known for his strategic, client-first approach, David focuses on delivering tailored solutions that support both immediate outcomes and long-term financial success of his clients.
Visit our broker hub to find out how to partner with Deposit Power.
You can also visit our frequently asked questions page to learn more about deposit bonds.
Why choose Deposit Power Bonds?
If you can afford the property, we’ll cover the deposit.
Move Quickly
Avoid the hassle of selling other investments or rushing to gather a deposit.
Qualify Easily
With sufficient equity or capital, secure your digital bond online in just minutes.
Grow Your Savings
Keep your cash deposit earning for you in other investments until settlement.
No Upfront Fees
Pay only when your deposit bond is approved—no money trapped upfront.
Helpful Service
Our Sydney-based customer success team is here to assist, ensuring bond approval in minutes.
