Q How do I arrange a Deposit Power Guarantee?
Applications can be made by Accredited Agents via the online system. Alternately, application forms can be downloaded below, and submitted by fax on 1800 678 914 or email to depositpower@vero.com.au.
Q What types of Guarantees are there?
A There are two types of Deposit Power Guarantees, depending on the length of the settlement terms. These are:
Short Term Guarantees – are available for purchases where the settlement terms are up to 6 months. Short term guarantees are issued subject to Deposit Power issuing guidelines. Purchasers need to provide evidence they have sufficient funds available to complete the purchase.
Long Term Guarantees – are available for purchases where the settlement terms are between six and 48 months. These can be arranged for applicants who own existing residential property and demonstrate the ability to complete the purchase.