Now there’s a real alternative to making a cash deposit when buying a Crosby Lend Lease property...

Join the Exchange Bond^® revolution

The Exchange Bond^® frees up cash that is tied up between exchange of contracts and legal completion. Issued on behalf of a buyer to a seller when exchanging contracts, the Exchange Bond^® provides a simple, cheaper, yet equally effective alternative.

How it works

By using an Exchange Bond^®, the buyer does not need to provide the 10% deposit normally required at exchange. The buyer will now pay this sum at completion. An Exchange Bond^® provides the seller with a guarantee that they will receive the deposit amount if the buyer fails to complete the purchase contract.

For buyers it means not having to tie up money which could be earning a return, and it avoids expensive additional borrowing.

In fact, if you already have the cash, you can invest it and generate further income whilst waiting for your new property to be built, or avoid incurring re-financing fees.

The Exchange Insurance Company is dedicated to simplifying the property purchase process.

The Exchange Bond^® is written and issued by The Exchange Insurance Company Ltd, a company established in the United Kingdom to serve the needs of residential property buyers and sellers.

The Exchange Insurance Company Ltd is a UK registered general insurer, authorised and supervised by the Financial Services Authority. A dedicated team of professionals combine a deep knowledge of the property sector with a high level of legal and financial expertise.

Why use the Exchange Bond^®?

The Exchange Bond^® is quite simply the easiest way to secure a property- be it a house or an apartment.

If you are buying a new property off-plan, it can be months or often years before the transaction is completed. By using an Exchange Bond^® you avoid having to put up the cash that is needed at exchange to secure your property.

The Exchange Bond^® allows you to continue to have control and use of your money which would otherwise be paid as a deposit upon exchange of contracts.

*subject to status and certain other criteria. Available on selected developments and properties.