Partner with Deposit Power
The trusted way to protect your clients.
What is a deposit bond?
It’s a Digital Certificate providing a guarantee to the Seller that the Buyer will pay the full purchase price on settlement, so your purchaser clients can hold onto their cash longer and your Vendor clients can be assured they are protected
- As good as cash: Issued for up to 10% of the purchase price.
- Flexible: Short-term bonds from 0 to 6 months and long-term bonds from 7 to 66 months (5.5 years).
- Low fees: No upfront fees until the bond is issued. Fees are calculated as a small percentage of the deposit amount.
What it is
- A deposit guarantee
- Secure as cash
- Legal and trusted
- Widely accepted
What it isn’t
- A home loan
- A bank guarantee
- Expensive
- Full of red tape
Why use a Deposit Power bond?
Mitigate Risk
Eliminate the risks tied to early release of deposits and accepting reduced deposits.
Peace of Mind
Offer your vendor clients 100% guaranteed payouts of all valid claims within 2 working days.
Protect Clients
Shield your clients’ deposits from insolvency risks and cyber threats.
Fast Approvals
Receive instant quotes and approvals online.
Savings
Provide substantial savings to clients compared to traditional cash deposits.
Stay Updated
Easily track applications and updates.
How secure are deposit bonds?
Deposit Power bonds are “AA-” (Very Strong) rated from S&P!
We’ve been issuing deposit bonds in Australia for over 30 years. Our deposit bonds are widely accepted by real estate agents, solicitors, conveyancers and vendors – making us trustworthy, reliable and secure.
Australia’s highest rated deposit bonds!
Underwritten by HDI Global Specialty SE with an “AA-” (Very Strong) credit rating from Standard & Poor’s, for strength and security you can trust.
When can you use a deposit bond?
Whether your client wants to buy right now or prepare for an auction, our bonds suit any scenario.
We issue bonds for Short-term bonds which gives your clients the confidence and convenience for auctions or private treaties.
And for Long-term bonds when they are purchasing off-the-plan builds or home and land packages, so they can keep their money in the bank earning interest, rather than in a trust.
Short-term bonds
From 0 to 6 months
- No cash down
- Buys your client time
- Keeps clients ready to act
- Cash deposit substitute
- Client pays at settlement
Scenarios:
- Simultaneous settlements: retiring couples downsizing, familes upsizing
- Separation / Divorce
- First-home buyers: guarantor loan
- Investors: residential and commercial.
House Hunting bonds
From 0 to 6 months
- Peace of mind for clients
- On maximum purchase price
- Unconditional approval
- 6-month payment window
- No cost or obligation
Scenarios:
- Attending Auctions: for all types of property purchases
- Private treaty: clients still on the hunt for their next property
- Sutibale for all short-term scenarios
Long-term bonds
From 7 to 66 months (5.5 years)
- Save your clients thousands
- No cash down
- Keeps cash in the bank
- Helps clients enter market
- Developer insolvency protection
Scenarios:
- Buying off-the-plan: residentail or commercial property.
- Buying home and land packages
- Investors: residential and commercial properties with long-term settlements.
How do your clients qualify for a deposit bond?
Getting approved for a deposit bond is simpler than you might think. There are only a couple of criteria your clients need to meet before their bond is approved in minutes.
Short-term bonds
There are 2 ways to qualify for a deposit bond with a term of up to 6 months.
Option 1
The Fast Track
Funds to Complete Assessment Option
All you need to do is show us evidence that you will have the funds to complete the purchase such as:
- loan approval letter
- savings statement
- evidence of a financial gift
Option 2
Home Equity Assessment
Own Oroperty with Equity Option
To qualify under this option, you must:
- own existing property with sufficient equity
- 1 x the deposit amount in equity for bonds of up to $150,000
- 2 x the deposit amount in equity for bonds over $150,000
Long-term bonds
Long-term deposit bonds are ideal for extended settlements and off-the-plan properties with with a term of up to 5.5 years.
Long-term
Long-term bonds
Home Equity Assessment Option
To qualify, for a long-term bond you must have equity of:
- 3 x the 10% deposit amount for bonds from 7 – 24 months
- 4 x the 10% deposit amount for bonds from 25 – 36 months
- 5 x the 10% deposit amount for bonds from 37 – 66 months
How do you apply for a bond?
Refer your clients to us via [email protected] with your clients full names, contact number, e-mail address and discount code (if applicable). Our Legal Customer Success team will take care of the rest keeping you and your clients informed the whole way.
OR
If you are accredited with us (part of AIC NSW or AIC VIC) simply log into your Partner Portal for fast approvals in just three steps. Here’s how it works:
It’s that simple.
2. Get instant approval.
Once your client pays the one-off-fee, you will receive an instant approval. If your approval is conditional, we’ll let you know what other documents we may need.
3. Bond is issued!
Your client will receive their digital bond immediately. They now have the power to buy!
A notification of the same will be sent to all parties involved.
