Introducing the Downsizer deposit bond.
Say goodbye to the usual cash deposit on your next property purchase.
Introducing the Downsizer deposit bond.
Say goodbye to the usual cash deposit on your next property purchase.
Use the wealth you've created to secure your next home, not your cash.
Our Downsizer Bond offers a smart alternative to upfront cash deposits, bridging loans or reverse mortgages. If you have assets tied up, our bond secures your home purchase without requiring immediate cash. When you settle on your new home, you pay the total purchase amount, including what would typically be the deposit.
With proof of your assets, it's good enough for us.
It's legal, and trusted.
It’s easy, secure and cost-effective
Benefits of the Downsizer Bond
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Purchase your next home without liquidating assets or using cash.
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Stay in your current home until you are ready to sell or your new property settles.
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Keep your long-term investments in place to continue generating income until settlement.
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Transparent pricing, with no interest or surprise costs.
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Application is easy and the Downsizer deposit bond can be available in as little as 24 hrs.
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The no cash deposit Downsizer Bond is flexible with terms available for up to 5 years.
Would you like to learn more about the Downsizer deposit bond?
Enter your details below to download our Deposit bond brochure.
Yes, a buyer can combine a Downsizer Bond with a cash sum to purchase a new property.
A deposit bond is a cashdeposit replacement. It is issued as a certificate and acts as a guarantee that you will be able to pay the full purchase price come settlement time. It uses the net equity in your current home as security and allows you to secure your next home with zero cash deposit and without having to sell first.
A reverse mortgage allows you to borrow money for the deposit of your next home using the equity in your current home as security. The interest charged on the loan compounds over time, so it gets bigger and adds to the amount you borrow. You pay the loan in full, including interest and fees, when you sell your current home.
Bridging finance is a short-term loan of up to 12 months and is designed to “bridge” the financial gap between buying your new home and receiving the funds from selling your old one. The repayments are based on the remaining mortgage of your current home and the purchase price of the new one, which can make it a costly exercise.
A bond is a cheaper alternative as it acts like an IOU for the deposit on the new property, instead of you having to pay the full deposit in cash from the outset.
There is no impact on the bond. You may need alternative accommodation while you wait for your new property to be ready.
The benefit of using a bond is that you won’t have to be involved in any legal proceedings to recoup your 10% cash deposit, you will only forfeit the amount you paid for the bond (the bond fee and the transaction fee, if applicable).
Get in touch
Simply enter your details below and a member of the Downsizer team will be in contact with you shortly.
How it works.
Use the equity in your current home or other assets to qualify for a cash replacement Downsizer Bond to secure your next home.
Determine your eligibility
Get in touch with us or fill out the Start Your Journey form to start the process.
Start your bond application
A Downsizer expert will be in touch to help assess your eligibility in just three simple steps.
Secure your bond
Once approved your Downsizer Bond will be emailed to you in as little as 24 hours.