Need a quicker way to secure deposit for your dream home?
⚡Deposit Bond allows you to secure a property without needing to pay the deposit upfront in cash.
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Preserve Your Cash Flow
You don’t need to pay the deposit in cash upfront, allowing you to keep your funds available for other investments or expenses.
02
Quick and Easy Process
Obtaining a deposit bond is often faster and less complicated than gathering the necessary cash for a deposit, making the buying process smoother.
03
FLEXIBILITY
Deposit bonds are useful if your funds are tied up in other investments or if you’re awaiting the sale of another property.
04
Competitive Edge
Having a deposit bond in hand can make your offer more attractive to sellers, showing that you’re serious and financially prepared.
Why work with QLoans.au?
We understand the complexities of securing a loan that aligns with your financial and property goals.
Who we are
We’re mortgage solution-ist.
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We make it our mission to share the journey with you.
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We present interest rates and loan terms most favourable to your financial situations.
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Talk to Natalee – Let’s get your loan sorted!
What we do
We manage your loan approval.
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Personalised advice and support from the initial consultation to post-settlement.
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Competitive rates from over 88 lenders.
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Flexible consultation options through phone and online video at a time that suits your schedule.
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A comprehensive financial review to determine the most suitable loan structure within your borrowing capacity.
Why use our service
We resolve your concerns.
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Poor credit score
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Income instability
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Insufficient savings
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No deposit
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High debt levels
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Soaring property prices
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Clash of location and budget
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Complex application process
Why use the service of a mortgage broker?
As your mortgage broker, Natalee at QLoans.au helps you find the best loan options by leveraging access to multiple lenders and personalised service, saving you time and effort.
Golden nuggets on the topic [FAQs]
1. What is a deposit bond?
A deposit bond is a financial guarantee that allows you to secure a property without needing to pay the deposit in cash upfront. Instead, the bond guarantees the deposit amount to the seller until settlement.
2. How does a deposit bond work?
When you use a deposit bond, the bond issuer guarantees the deposit amount to the seller. You don’t need to provide cash upfront, but you will need to pay the full purchase price at settlement.
3. Who can use a deposit bond?
Deposit bonds can be used by individuals or entities looking to purchase property, including first-time buyers, investors, and those awaiting the sale of another property to free up funds.
4. How long is a deposit bond valid for?
Deposit bonds are typically valid for periods ranging from six months to four years, depending on the terms set by the bond issuer and your specific needs.
5. Are there any costs associated with obtaining a deposit bond?
Yes, there is usually a fee for obtaining a deposit bond, which can vary based on the bond amount, the issuing institution, and the duration of the bond.
6. How do I apply for a deposit bond?
To apply for a deposit bond, you’ll need to complete an application form, provide necessary documentation (such as proof of income and details of the property being purchased), and pay the applicable fee. The bond issuer will then assess your application and issue the bond if approved.
7. What happens if the property purchase falls through?
If the property purchase falls through and the deposit bond is no longer needed, you should notify the bond issuer. Depending on the terms and conditions, you may be eligible for a refund of the bond fee, less any administrative charges.
8. Property purchasing costs (approximately 5% of property value)
- Minimum of 5% deposit
- Stamp duty
- Property title transfer fee
- Registration fees
- Conveyancing fees
- Inspections including building/strata and pest
- Home loan set up fees
- Lenders Mortgage Insurance (LMI)
9. Property selling costs (approximately 3% of selling price)
- Agent Fees
- Marketing Costs
- Conveyancing Fees
- Capital Gains Tax (CGT)
- Presale Repairs and Renovations
- Styling/ Home Staging
- Auctioneer’s Fees
- Lender Fees
- Moving Costs
Need a mortgage consultation?
We’re here to provide you with the latest updates & solutions.
Natalee Q
+61 426 224 229
Natalee@QLoans.au
Australia Wide
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