stratton's exclusive home loan partner, Lendi, can help you organise a deposit bond for any property purchase quickly and easily.
A deposit bond is a form of guarantee which acts as a temporary substitute for a cash deposit when purchasing a property.
If you are thinking of purchasing a new home or investment property and will not have enough cash available at the time of contract signing for the required deposit (normally 10% of the purchase price), a deposit bond may be an ideal solution for you.
Generally cheaper than short-term finance, a deposit bond provides an insured guarantee to the vendor (seller) that the purchaser will pay the deposit as cash at settlement.
This helps you as a buyer, as it means you can completely control the timing of your purchase, rather than being at the mercy of your cash-flow.