What happens to my deposit if I don’t qualify for a bond?
Sales that fall through due to a bond not being improved generally do not see the deposit being lost. But the responsibility is on the buyer to read the offer to purchase carefully to make sure they’re familiar with the terms regarding their deposit.
Learn more about your home loan deposit.
Related questions
- Can I keep my house on the market after accepting an offer?
- What happens to my deposit while I wait for bond registration?
- Where can I get an Offer to Purchase form?
- How long does a seller have to respond to an offer
- How long does home loan approval in principle take?
- When do you pay the deposit when buying a house?