Deposit Cover is a guarantee designed to help keep property transactions moving. With Deposit Cover, the buyer simply pays 100% of the agreed purchase price upon completion rather than paying a deposit on exchange and the guarantee provides the protection the vendor needs if the sale falls through.

Deposit Cover means a buyer can proceed to completion before having to release any funds. There's no need to secure expensive bridging finance if accessing funds for the full deposit is difficult, and savings can be earning interest for as long as possible right up until completion.

For the vendor, it provides peace of mind that they will receive the full deposit even if the buyer fails to complete the purchase. It may also encourage more purchasers to the market as it means that not having access to funds for a deposit on exchange is no longer a barrier to entry.