Sponsor of the 2008 Daily Telegraph New Home
Awards, The Exchange Insurance Company,
markets and underwrites the Exchange Bond®,
a financial guarantee which replaces the cash
deposit when buying a property in the UK
or overseas.
The Exchange Bond® enables the payment of the cash deposit to be deferred from the exchange of contracts until completion.
An Exchange Bond® enables the buyer to retain control of their cash and other assets- and thereby generate further income in the period between exchange and completion - or obviate the need for expensive borrowing. It provides the seller with a guarantee that the deposit amount will be paid if the buyer fails to complete.
The Exchange Bond® is now established as the industry standard and is accepted by more than 200 home builders in the UK and overseas including Portugal, Italy, Cyprus, Hungary, Greece, Spain, Turkey, Canada and Grenada.
More information at: www.exchangebond.com