A PANTHEON Property Deposit Bond is an alternative to paying a cash deposit. It allows you to delay payment of your cash deposit until completion of the purchase, alleviating the need immediately to liquidate your funds and enabling any investments to continue earning interest until completion.

This works by the PANTHEON Bond guaranteeing to pay the Vendor your deposit at completion in the event of your default. This does not negate your obligation to pay - you have signed a Sale and Purchase agreement and have to pay the full purchase price at completion. In the event of default the PANTHEON Bond would pay the developer the deposit amount and the insurer would seek recovery from you.

Example:

• £200,000 2 bed flat
• 12 month off-plan
• Typical deposit required after 28 days - £20,000 (10% of Purchase Price)
• Cost of PANTHEON BOND - £1,175 for 12 months cover

Purchaser pays £1,175 to purchase PANTHEON BOND which is used in lieu of a cash deposit.

Purchaser pays full £200,000 to vendor at completion under the Sale & Purchase.

Avoids Purchaser having to outlay cash or obtain expensive bridging finance to pay the £20,000 10% deposit on the property purchase.

Find out all you need to know about PANTHEON Property Deposit Bond here.