Introduction for buyers

Whether you are an individual or corporate buyer, using an Exchange Bond is the simplest, most secure and easiest way you can secure a property:

• The Exchange Bond^® is an alternative to making cash deposit at exchange of contracts.
• An Exchange Bond^® guarantees the full deposit amount to the vendor if you (the buyer) fail to complete the property purchase following exchange of contracts.
• An Exchange Bond^® is purchased before exchange of contracts. You purchase an Exchange Bond^® to cover the length of time it is going to take from exchange to completion of the property purchase.
  • For a new build property this is normally between three months and five years. A Term or Overseas Exchange Bond^® is used.
  • For a normal residential property purchase this is usually less than three months. A General Exchange Bond^® is used.
• At completion you pay the vendor the entire purchase price - the Exchange Bond^® having allowed you to defer payment of the deposit until completion.
• Depending on location, an Overseas Exchange Bond^® can be used to purchase a property in another country.

There are many benefits of using an Exchange Bond^®.