Deposit Bonds
A Deposit Bond is a quick and easy alternative to a cash deposit. It is an instrument that, by agreement with the vendor a convenient way of purchasing a property without the need to arrange a large cash deposit or immediately cashing in or selling an investment.
iM has a huge range of products and ways for you to substitute using your cash when signing a contract to purchase residential property.
The Deposit Bonds can be available for deposits of up to 10% of the purchase price and is available for terms up to 60 months.
The product is suitable for virtually anyone contemplating the purchase of a residential property including;
- First home buyers;
- Home owners upgrading to a new property;
- Investors wishing to purchase property or additional properties;
- ‘Off the Plan’ purchases
Deposit Bonds are essentially issued by an insurance company and are a convenient way to purchase property off the plan in lieu of a cash deposit.
