Why do people like deposit bonds?

A deposit bond is an insurance policy or a guarantee which is a substitute for the 10% cash deposit payable to the vendor. The term of a deposit bond is flexible and is standard within 6 months or Long term between 6 and 48 months.

Outlaying cash can be complicated or impractical if your funds are already tied up in an existing property or other investments. A deposit bond ensures that your money remains working for you. You do not have to sell your shares, close your deposit terms and lose interest, or wait to sell your present property to get the deposit you need for purchase.

A deposit bond can be approved quickly and easily. Most applications are processed within 24 - 48 hours. Due to this, a deposit bond can be easily used at auctions. A deposit bond is issued prior to auction. The property and seller's particulars are left blank and the buyer is authorised to complete these details if they are the successful bidder..

Our respected and reliable panel of deposit bond issuers include:

AM-Reinsurance