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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!

Key Features:

  • 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.Call us on 136 126 to set up a FREE appointment with a lending specialist.