The questions we get asked most are:
1 How does the Guarantee work?
Instead of paying the deposit in cash, the buyer purchases the Guarantee from Zurich Bank.The developer agrees to accept this in place of a cash deposit, as it means they're 'guaranteed' to get their deposit at a later date. The developer is given the Guarantee at exchange of contracts and can then claim the deposit amount from Zurich should the buyer fail to pay the deposit at completion.
2 How much does the Guarantee cost?
The amount of the Guarantee depends on the amount of your deposit and the term of the Guarantee. Our distributors, XBond have a calculator that will give you an indication.
3 How do I apply?
There are several ways to complete an application. You can download an application and send it to us, you can complete an with a sales advisor or you can complete an application over the phone by calling 0845 8822888.
4 When does the Guarantee expire/ how long does it last?
You buy a Guarantee for a specific period of 6, 12, 18 or 24 months. It's valid from the moment you exchange contracts for the term of the Guarantee you've bought.
You can find a complete list of our Frequently Asked Questions on the XBond website or you can always call XBond on 0845 8822888.
