Deposit Bonds are used as a substitute to a cash deposit when buying a property.
I can issue Deposit Bonds for my clients, provided they have either written loan approval (if borrowing) or an exchanged sale contract (if they are selling and buying simultaneously).
I am an authorised Deposit Bond issuer of Deposit Power, Sydney. Deposit Power currently charge a fee of 1.3% of the amount of the deposit being covered by Bond.
Please telephone me to discuss Deposit Bonds further.