Easy home buying without a cash deposit.
Use a Deposit Bond.
Cash tied up in investments?
A Deposit Bond could save you time and money for your next property purchase.
How a Deposit Bond Work For You
Don’t hand over your cash for your 10% cash deposit.
There’s a more convenient way.
A Deposit Bond is a substitute for the cash deposit when purchasing a property.
Instead of the buyer paying a 10% cash deposit, a Deposit Bond is used as an alternative.
Let's paint a brighter picture
Imagine purchasing your dream property ‘off the plan’ for $2,000,000 with an anticipated settlement in 12 months.
Normally, you’d pay a hefty $200,000 upfront.
But with a Deposit Bond, you get to keep this precious cash in your hands.
It’s not just about convenience; it’s about the freedom to keep your funds where you need them most.
Real Savings
Let’s take this same example and look at the savings you could generate from using a Deposit Bond.
If you had to borrow a $200,000 deposit secured against the equity in your home, at an average current interest rate of 6.5%, it would cost you $13,000 in interest over 12 months.
The cost of a deposit bond would be closer to $6,000 for the same 12 month period.
Now that is a real saving!
And there is no need to put up your current home as security.
Dom and Maya's Story
My wife and I had run out of space in our two bedroom apartment now that we had two growing children. We were looking to buy but all our money was locked up in the equity in our current home. ENAYBL Deposit Solutions ended up being a smart choice for us as it saved us time and money.
Maria's Story
We have a house on a large block of land and the upkeep was becoming too much for my husband. We found the perfect apartment on the water near where we had lived for 40 years but didn’t have the cash to act quickly to secure it. ENAYBL approved our application in 24 hours. So after seeing the property on the weekend, we secured it the next Thursday, something we could not have done without ENAYBL Deposit Solutions.
Barrie's Story
I was purchasing a property for investment. All my current funds were tied up in equity in my home and shares that I didn’t want to cash in right now to pay the deposit. ENAYBL Deposit Solutions organised the deposit bond within 2 days. I was able to keep my investments working for me where I am earning more than double the fee associated with ENAYBL’s Deposit Bond. So it made financial sense to choose ENAYBL.
The conventional way involves locking up substantial cash upfront. We let you hold onto your cash until the deal is done.
Traditional deposits can limit your financial choices. We give you the power to make your money work where it’s needed.
Traditional deposits can slow you down with lengthy processes. We’re here to expedite your journey to homeownership.
Speak to Our Experts
Find out how a Deposit Bond could help your next property purchase? Speak to one of our friendly experts to get a personalised understanding of how a Deposit Bond may save you money and flexibility in your next property.