Buyer Deposit Facility

Fund your auction deposit using equity from the property you’re selling.

Prepare to win and have your deposit ready prior to auction.

If you’re selling and in the market for a new home, we can pre-approve a deposit facility for you so that you can bid with confidence.

Whether you’ve found the perfect next property or wanting to shop around at the upcoming auctions, an auction deposit facility is the perfect solution.

‍How does bridging finance work?

In most cases, when selling your home there is the equity between your sale price and the mortgage debt you have with the bank. This is the 'locked up' value you have in your home that you can't ordinarily access until after the bank has been repaid.

Property Credit provides a short-term finance solution to help bridge the gap between what you plan to do after the sale of your existing property, and now. When you sell your existing property, you repay your bridging loan with nothing to pay until that time.

Facility activated in 24 hours
30 day lifetime with optional renew
Access up to 80% of the property's value
Funds when required

1

Setup your facility

Share your personal and property details.

2

Bid with confidence

Go and find the property you want and put an offer in or bid boldly.

3

Draw down your deposit

When you win at auction or private treaty, we'll send the deposit to the agent.

Get deposit ready.

Make offers and bid confidently with a pre-approved deposit facility.

Get started today.

Apply now

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