Product category:
Mortgages / Housing
News Release from: Exchange Insurance Company | Subject: Exchange bond
Edited by the Insidemoneytalk Editorial
Team on 02 June 2008
Overseas Exchange Bond: key to riding
the credit crunch
According to experts at CM Real Estate, the Exchange Bond has become a lifeline for intermediaries and property advisers keen to help clients continue buying in spite of the gloomy financial climate.
Tony Mantle, Senior Partner, CM Real Estate says: "The Overseas Exchange Bond has been a Godsend for us, particularly in the first quarter of this year, as the credit crunch has placed its heavy hand on the property market It works fantastically well when our buyers are purchasing off-plan as well as providing a valuable sales incentive for our developers." He continues: "We are delighted to have been able to recommend the Overseas Exchange Bond to the developers we work with, who are mainly based in the Caribbean, Canada, South Africa and Portugal
This article was originally published on Insidemoneytalk on 22 Feb 2007 at 8.00am (UK)
Related stories
George Wimpey joins the Exchange Bond revolution
The Exchange Bond, the innovative financial product that frees property buyers from raising a cash deposit, is now being offered to purchasers on selected new homes built by George Wimpey.
Exchange Bond boosts sales for Crosby Lend Lease
The Exchange Bond, a pioneering financial product that frees buyers from raising a cash deposit to secure a property, has doubled sales at Crosby Lend Lease's Vallea Court development in Manchester.
The product is flexible and can be sandwiched anywhere throughout the staged payment process as a replacement to the cash that is normally required.
This provides great advantages to the buyer and developer alike, and for us as the marketing agents we have happy clients on both sides!" The Exchange Bond is now accepted by over 200 developers in the UK - including Taylor Wimpey, Persimmon and Crosby Lend Lease - and is also being adopted by a rapidly growing list of developers abroad.
Employable for property transactions almost anywhere in the world, the Overseas Exchange Bond is already being accepted across developments in Portugal, Cyprus, Greece, Cape Verde, Turkey, Spain, Italy, Hungary, Canada, UAE and the Caribbean.
Lucas Zachara, Head of Overseas Development for the Exchange Bond comments: "The Exchange Bond was designed to make the property buying process easier, faster and more secure for all parties.
While bond sales and numbers of partnering developers have increased exponentially as expected with a new product, in the past few weeks there has been a notable uptake of the Exchange Bond from developers increasingly aware of the need to maintain healthy sales despite the effects of the credit crunch." Please visit www.exchangebond.com for more information or contact Lucas Zachara on +44 (0)207 256 3973.
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