Deposit Power Guarantee
Saving a deposit for a home is the first of many daunting steps to purchasing a property. With the Deposit Power Guarantee, we have a solution that allows you to exchange on a house without the stress of immediately assembling the deposit yourself.
Sometimes an offer comes along that you can't pass up, and quick access to a deposit will help you.
Deposit Power is a legally accepted bond or guarantee to form all or part of the deposit amount required for exchange, up to 10% of the purchase price. It is a guarantee or bond that substitutes for a cash deposit between signing contracts and settlements.
For a small fixed fee, Deposit Power is a quick and relatively cheap way of obtaining short term finance for the purchase of a property. It has the flexibility of being used at auction as well as at standard sale, and can be valid for up to 48 months!
Can be approved and issued within 24 hours after submission of application.
Deposit Power can be used to pay up to 10% of the purchase price of a house.
Can be used when purchasing a house through sale or auction.
Guarantees can be valid for up to 48 months.
It’s a cheaper alternative to short term high cost finance – it has just one fixed fee and no interest.
Once you have your deposit, it's important to find the right loan. Click here to find out more about the best home loan to suit your needs, call us on 136 126 or enquire online to set up a FREE appointment with a lending specialist.