Deposit bonds are a relatively new product in New Zealand, and aren’t very well understood by many people. A deposit bond is simply a guarantee that you can use instead of a cash deposit for a property.
People find deposit bonds useful if they’re buying off-plan, wanting to keep their money in Kiwisaver for longer, or if their deposit money is tied up elsewhere. Using a deposit bond can often be cheaper than borrowing the money.
If your situation requires it, we can help you understand and organise your deposit bond, and make sure everything gets organised well before settlement, so you don’t have to worry about a thing.