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What is a deposit bond and how do I arrange one?

April 26, 2017arrange Bond deposit

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What is a deposit bond and how do I arrange one?

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When you buy a home youll often have to pay a deposit on your purchase, with the balance payable at settlement. The deposit payable is often tens of thousands of dollars. To help you with the payment of your deposit we can provide a Deposit Bond to the seller on your behalf. This is like a guarantee from the Bank to the seller saying that you will pay the deposit at settlement. Any of our lenders can help organise this for you.