Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

Deposit Bond | Deposit Guarantee

Often purchasers may not have ready access to the cash deposit required to secure a property. When a property has been located and a purchase negotiated a deposit bond or deposit guarantee can be used to secure the purchase in lieu of a cash deposit.

As long as you can demonstrate you have the funds available at settlement a deposit bond can place you in a position to secure the perfect home or investment property quickly, without using a cash deposit.

The most common form of deposit bond in a short term deposit guarantee which suit settlement terms of up to 6 months and is suitable for all types of residential property including vacant land.

Long term guarantees can suit settlement terms from 6 to 48 months, and can be for when you are buying properties off the plan, under construction or vacant land with extended settlements.

Remember that to apply for a deposit bond or deposit guarantee we must be able to prove to the insurer that the funds are available to pay the purchase price in full at settlement such as proof of sale of an existing property, cash in bank, unconditional loan approval etc.

Quick & Easy

Deposit bonds can be organised either directly through Ability Finance or your lending institution. Most applications are processed within 24 hours.

The deposit bond guarantee terminates on settlement of the property, when the contract is terminated, rescinded or the expiry date has passed, whichever occurs first. It also terminates when a claim is paid by the deposit bond supplier.

Alternative to Short Term Finance

For many people, short term finance is costly and time consuming involving additional application fees, high interest rates and delays in processing. Deposit bonds can usually be arranged much quicker and for less cost than bridging finance loans.