Why use your own 10% cash
deposit
Long term AAA rated deposit
bonds
48
hour turn around
Off the plan property investment made easy
| TYPES OF BONDS AVAILABLE |
TERMS AVAILABLE |
|
 Residential
Deposit Bonds |
30
days - 60 months |
|
| Commercial
Deposit Bonds |
|
|
| Industrial
Deposit Bonds |
|
|
|
|
Call now on
02 9484 2377
What is a Deposit Bond?
When
buying a property, the deposit bond gives the Vendor security
against which they can claim should the applicant fail
to complete the transaction.
By
using a deposit bond you will not have to sell shares,
close term deposits or wait to sell your present property
to get the deposit you require to purchase.
If
buying off-plan, completion may be over a year away; why
tie up your money with a 10% cash deposit when you can
secure the property now
with a deposit bond.
A
Deposit Bond is a guarantee provided by Challenge
Deposit Bonds to the Vendor for all or part of
the deposit required and effectively takes the place of
a cash deposit.
Benefits
A
fast, convenient and low-cost alternative.
Give
you the power of cash without having it.
Ability
to put a deposit down while you money works hard for you.
Can
be used when purchasing property and even at auctions.
As an
alternative to Briding Finance.
Who are using
them?
People
buying a property off the plan
People
waiting for funds to come through from another source
People
with equity but do not have liquid assets
People
who are investors wishing to borrow 100% of the purchase
price of the property
Call
now on
02 9484 2377
Fee
Structure - 6 months
The Deposit Bond rate chart is as follows
- the fee is 1.2% of the bond amount for a 6 month period.
You may wish to use our quote facility to calculate the
fee payable. Enter the deposit amount required and then
click "calculate".
Fee Structure
- Long Term
Long term bonds are available for off the
plan purchases. The cost of the bond varies depending
on the bond amount required and the period until settlement.
Call Challenge Mortgages for a quote
We
specialise in Long term Bonds
Call
now on 02 9484 2377
CHALLENGE DEPOSIT BONDS
Ph (02) 9614 0522 Fax (02) 9614 0523
