Step one:
If a buyer wishes to use a Deposit Guarantee in lieu of a cash deposit, he or she must first receive the seller's consent. It is at the sole discretion of the seller to accept a Deposit Guarantee.

Step two:
The buyer then applies for a Deposit Guarantee directly through Deposit Advantage by CLICKING HERE or by contacting the Deposit Advantage Helpline on 0860 110 313.

Step three:
Upon transfer the buyer is required to pay the full purchase price, including the deposit, to the seller.

Important:
Should the buyer default under the sale agreement, the seller can claim the amount guaranteed from Lombard Insurance Company Limited. Lombard Insurance Company Limited will then seek to recover this amount from the buyer.