How clients benefit from Exchange Bond^®

• An Exchange Bond^® is an easy way to secure a house or an apartment. It saves the buyer having to find a large deposit at short notice.
• With a new property, the exchange of contracts usually occurs several months, or even years before the purchase is completed. By using an Exchange Bond^®, your clients avoid having to use the cash which is normally required as deposit at exchange of contracts.
• An Exchange Bond^® allows clients to keep control and use of the money which would otherwise be lodged with the builder or a solicitor.
• Usually an Exchange Bond^® will be issued for at least 3 months for existing properties and up to 5 years for new homes.
• Many home builders will reimburse the cost of an Exchange Bond^® used for a new build property purchase.
• Depending on location it can also be used to purchase an overseas property.
• An Exchange Bond^® is unsecured. It is not packaged with other financial products, so you can advise clients on how to use it as part of your general financial advice.