A PANTHEON Property Deposit Bond is used by a property buyer as an alternative to paying a cash deposit to the Vendor.  

The PANTHEON Bond undertakes to pay a specified sum (limited to 10% of the purchase price) to the Vendor at the time of completion in the event that the Purchaser defaults on its payment obligations under the Sale & Purchase agreement.  

Main Features of the Deposit Bond Guarantee:

• Payable upon demand by Insurer to Vendor.
• Available for any amount between £10,000 and £50,000.
• Available for a period between 6 months and 24 months.
• Attractive alternative to borrowing funds or liquidating assets to fund deposit.
• Can be extended for a further premium - for up to 6 months.
• Tied into the specified Sales & Purchaser contract.