Another Option for Property Purchases
As the exclusive referrer in NZ for Deposit Power Deposit Bonds, DepositSmart supports eligible New Zealand home buyers and investors to secure property with deposit bonds—an accepted alternative to cash deposits. These bonds are provided by Deposit Power and underwritten by HDI Global Specialty SE,
What we do
Deposit bonds that work for you.
Get the backing you need to secure your next property. Deposit Bonds offer an alternative solution for New Zealand buyers—provided by Deposit Power and backed by an AA– rated underwriter.
Short-Term Deposit Bond
A deposit bond that may be issued for property settlements occurring within 6 months.
DepositSmart
What is a deposit bond?
It’s a financial guarantee that acts as a substitute for a cash deposit when purchasing a property. It is not a loan. A deposit bond requires an eligibility assessment to ensure you have the financial capacity to settle on your purchase; however, it does not tie up your cash or assets. When you provide a deposit bond to the seller, this serves as a promise that the deposit amount will be paid at settlement.
With a deposit bond provided by Deposit Power, you can secure a property quickly and easily – giving you extra time to sort out the cash deposit and pay the full 100% of the property value at settlement
Once approved,
- The deposit bond will be forwarded to the purchaser.
- The deposit bond may be presented to the seller or real estate agent instead of a cash deposit when signing the contract of sale.
- The full purchase price, including the deposit amount, is paid at settlement. The deposit bond expires once the settlement is completed.
