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It’s a Bond, Deposit Bond.

So you have found a property you want to purchase, but you face a dilemma:

Your savings are locked in a term deposit or are tied up in the equity of your property.

How do I purchase a property when I cannot access my cash?

A simple solution to this may be to have a Deposit Bond.

Deposit Bonds are an insurance policy that indemnifies (or guarantees) that you, the buyer, will have the deposit available at settlement.

There are two type of deposit bonds:

  • A Short Term Bond or
  • A Long Term Bond

Different criteria apply for short-term and long-term deposit bonds.

A Short-Term Deposit Bond, also known as a Finance Backed Deposit Bond can last for 6 months.

If you have formal finance approval and your loan plus your available savings is equal to or greater than 105% of the purchase price, a Short Term Deposit Bond can be issued without having to assess your borrowing capacity.

A Long Term Deposit Bond will require a full assessment of your position to determine your borrowing capacity. This is commonly used when buying off the plan and you are needing a deposit bond to exchange.

How much does a deposit bond cost?

The costs for a bond vary. The longer the bond term is, the higher the premium will be.

Contact Us if you would like a quote for a deposit bond – it will only take 2 minutes.

All we need is the purchase price and when will settlement be.

Deposit Bond PROS

  • Quick turnaround time
  • Saves you from having to withdraw investments prematurely
  • You can have a blank bond (i.e not property specific) as a way to exchange at auction
  • Valid for six months for short term and four years for Off The Plan

Things to be aware of with deposit plans:

  • Not all vendors will accept a deposit bond
  • You must have written consent in the contract that you can exchange by deposit bond
  • Typically the deposit bond will be 10% of purchase price
  • If your bond is less than 10% of the purchase price, you may need to use savings to complete the exchange.
  • Some lenders will only allow deposit bonds from certain providers.


Pink Finance’s provider of Deposit Bonds is QBE – one of Australia’s biggest insurers.

Having no available cash to exchange is no longer any limitation for you – let Pink Finance help you secure that home today!

CUSTOMER TESTIMONIALS

  • As a first home buyer, Nicole & her team took the stress out of what can be an overwhelming experience. She was incredibly thorough, knowledgable & efficient. I would recommend her to anyone seeking financial services!

  • Thank you so much to Nicole and the team for my recent loan refinance. The professionalism, communication and efficiency from start to finish throughout the process was exceptional. The customers’ needs are always their top priority and it’s great to have extra money in your pocket each month! I have no hesitation in recommending Pink Finance amazing services and know many others that say the same.

  • So grateful for Nicole and her team. They were so amazing from the start to end. We were able to change our loan and start achieving our goals thanks to the exceptional service from Pink Finance. Always so accommodating. Best broker we have ever dealt with. Thank you.

  • It was our pleasure dealing with Nicole Cannon when we decided to refinance our home loan. Her professionalism and knowledge made the process a lot easier. Her dedication and prompt service really separates her from the rest.

    We would not hesitate to recommend Pink Finance to anyone looking for a professional tailored service.

    We will definitely utilise the service of Pink Finance for our next investment.

  • You provide emotional as well as transactional support which is appreciated given the stress typically associated with property purchasing!

  • Nicole and her team were absolutely wonderful to partner with for our home refinancing and purchase of investment properties. We are delighted with the outcome, but in fact also enjoyed the whole process thanks to the team at Pink Finance. Will be recommending them to all our friends and family.

  • Fantastic service and knowledge. Excellent.

  • Nicole is a consummate professional in every way. She responded to our urgent query with great speed and if it wasn’t for her assistance we would never have been able to move fast enough to buy our home. Her expertise helped us navigate a complex market quickly to identify the right lender for us. From start to finish she made the whole process as pain-free as possible. She’s just awesome to work with and we are ever grateful to her for helping us secure our home.

  • Your professional and expert knowledge in your field has been a fantastic resource for new clients. The ladies have a great understanding and ability to convey this information to clients. I have put my trust in them and have always been reassured that they would help me through this process the whole way. A supportive and encouraging team and I would highly recommend to all people considering their service.

  • A very professional and courteous service with information constantly being updated. I would highly recommend this Nicole Cannon to anyone.

  • Nicole Cannon is the best broker I have ever worked with and I have used many other brokers over the years. She took the time to understand my needs and has a very proactive and pragmatic approach to sniffing out the best deal. Nicole also has an impressive network and her knowledge of the industry is second to none. Not only will I recommend her to all my friends, I shall be using her again and encourage others who read this to use her as well!

  • I have two small children and my wife and I are both working, so our time is extremely tight and finding time to do anything during normal business hours is almost impossible. Nicole was always not only completely accommodating of our schedule and able to meet us after hours at short notice, she always did so with a big smile and a friendly manner.

    As well as being friendly and easy to deal with, Nicole really knows her game. She was well schooled in the best deals in the market each time we met her and did whatever it took to get us the best home loan overall. I’ve been unimpressed by other mortgage brokers in the past, so had done my homework though other lenders and could never beat the deals that Nicole was not only bringing to me but doing all of the hard work in getting the applications completed. I would recommend Nicole to anyone. 10/10.

  • Very fluent service and understanding what I need! I was thoroughly impressed by Nicole’s attention to detail and a focus on exactly what I required.

  • Nicole was very professional and yet approachable. She organised my daughter and her partner’s first home loan. She did a great job, and graciously answered myriads of questions. Nicole made the process simple and took the stress out of loan hunting for them, allowing them to concentrate on finding a home. She then juggled the refinancing of multiple loans for us which enabled us to act as guarantor for our daughter. Nicole suggested amalgamating our loans with the same provider as my daughter and also guided us through the sale of an investment property. Unexpectedly, Nicole managed to save us a lot of money on our own mortgages as well.. an added bonus! We highly recommend Nicole, and have already passed on her name to friends and colleagues.

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Get in touch with us today.

0414 633 793    nicole@pinkfinance.com.au
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