Evolve Recommends an Exchange Bond® both home and away

Having experienced the benefits of using a bond instead of a cash deposit in his native Australia, Brent Backhouse – Commercial Director of Evolve Investment Property – was among the first property advisors to advise clients to use the Exchange Bond® when buying property. 

So, when the Overseas Exchange Bond® was launched last year, he decided to involve his clients.

Brent comments:
“Our role at Evolve is to identify opportunities and help private investors negotiate as well as secure investments in both niche and growth markets. My familiarity with the Deposit Bond in Australia – a product similar to the Exchange Bond® that has been established for over 10 years – meant that I had firsthand experience of the benefits of the Exchange Bond® and I knew it would facilitate financial flexibility and increase investment opportunities for my clients.

Investors keen to maintain control of their capital for as long as possible – largely with the intention of generating additional funds through further investment – can see immediately that the Exchange Bond® is for them.

“With the UK property market going through an unsettling time, buying abroad is an increasingly visited option for investors. Anything that makes that choice easier, less costly and more secure is guaranteed to generate interest.

A number of my clients have now used an Overseas Exchange Bond® and they are delighted with their experience. With the completion date a year away in most cases, they can all continue to invest capital that would otherwise have been tied up in a deposit.”

Lucas Zachara, Head of Overseas Business Development at the Exchange Insurance Company (which underwrites and markets the Exchange Bond®), comments:
“The Overseas Exchange Bond® has been extremely well-received by buyers and advisors alike.

And, as it becomes accepted by an increasing number of developers, we expect it to develop into a recognised option in buying abroad.  We are very pleased to have the support of respected property advisers like Evolve who play an important part in educating and reassuring overseas developers of the benefits surrounding the product for them.”

Used initially at selected Portuguese developments - i.e. Oceanico - the Overseas Exchange Bond® is being increasingly adopted across developments in several other countries worldwide.

For further information, please visit www.exchangebond.com or call Lucas Zachara on 020 7256 3973.