Introduction for home builders

Many home builders have recognised the benefits of offering the Exchange Bond^® to potential clients. It is a powerful marketing and risk management tool. See the list of developers we are already working with.

A quick summary:

• An Exchange Bond^® is an alternative to making cash payment to secure a property.
• An Exchange Bond^® is a financial guarantee. It guarantees the full deposit amount to the seller if the buyer fails to complete the transaction having exchanged contracts.
• The buyer remains liable for the deposit if he/she fails to complete, but the debt is owed to The Exchange Insurance Company and not the builder/developer.
• The buyer pays The Exchange Insurance Company for an Exchange Bond^®. The beneficiary of the bond – if the buyer fails to complete – is the builder/developer.
• Normally an Exchange Bond^® will be issued for somewhere between three months and five years. This is the time between exchange of contacts and completion of the purchase.
• As a marketing tool many developers refund the cost of an Exchange Bond^® to the purchaser on completion.
• Depending on location it can also be used to purchase an overseas property.
   

Home builder (developer) pack

Have a home builder (developer) pack sent to you. This contains detailed information on how to sell more properties by offering an Exchange Bond^®. It also includes the 'developer protocol agreement', which establishes the terms on which you will accept and we will issue an Exchange Bond^®.