Will Vendors accept Deposit Bonds?

Vendors should accept a Deposit Bond in lieu of a cash deposit. However, most Standard Contracts for Sale require a cash deposit to be paid.

Therefore, before you agree to purchase a property check with the vendor that they will accept a Deposit Bond. You should also ensure that your solicitor or legal representative inserts the relevant clauses into the Contract for Sale to enable the Deposit Bond to replace the cash deposit.W

This entry was posted on Saturday, September 12th, 2009 at 6:04 am and is filed under DEPOSIT BONDS with MELBOURNE MORTGAGE FINANCE. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
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Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

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Leongatha, VICTORIA

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LENDING UPDATE 14.06.19

  • LIVING EXPENSES ARE NOW A KEY ISSUE
  • COMPREHENSIVE CREDIT REPORTING NOW IN EFFECT
  • INVESTMENT LOANS AT OWNER-OCCUPIER INTEREST RATES
  • REVERSE MORTGAGE LOANS FOR SENIORS OVER 60
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