You might be ready to buy but, don't have your cash deposit readily available. Your cash might be tied up in a fixed-term deposit or other investments like shares, or you might be in the process of selling your home and need to wait for the money from the sale to buy your new property, or you might be waiting on a gift from family or an applicable government grant to make up the deposit amount.
You can get a deposit bond quickly & easily and it can be used instead of a cash deposit to secure your property.
If you are selling and buying at the same time, instead of applying for a bridging loan or waiting weeks for your loan to be approved, you can get a deposit bond very quickly. There is a one-off fee (with no ongoing fees or interest charges) and it often works out more economical than the fees and charges for a bridging loan.
to secure your property with a deposit bond
Get a quote
Deposit bond issued
Once a referral is submitted, Deposit Power will contact the customer directly to facilitate the Deposit Guarantee.