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A PANTHEON Property Deposit Bond can be provided for purchases of residential and investment properties by personal buyers or commercial property investors alike.
Purchasing a property with guarantee of a PANTHEON Bond allows the buyer either to avoid borrowing or to maintain existing assets and investment earning until close to completion when the money must be paid.
A PANTHEON Bond can also protect against the possibility of losing a cash deposit - in the hopefully unlikely event of the builder / developer going into insolvency before completion of the property. A purchaser using the Bond is protected from possible loss of deposit in that the Bond cannot be claimed upon unless the property has been completed and then only as a result of the Purchaser's failure to complete the purchase contract
Features for a purchaser:
- Simple no fuss application and approval process.
- Avoids the need to liquidate assets to pay the cash deposit - keep investment assets earning until close to completion date.
- Avoid the cost and inconvenience of raising funds to pay the cash deposit (ie costly bridging loans etc)
- PANTHEON Bond extendable for a further 3 or 6 months for minimal extension fee.
- Avoid the risk of losing the cash deposit should the builder / developer go into insolvency
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