When you have found the right property and need a deposit to secure the purchase, Deposit Power can help by providing a deposit guarantee. So, as long as you have the funds available at settlement, with Deposit Power you are in the position to secure your perfect property and you don’t need to provide the deposit in cash. Deposit Power offers short term guarantees to suit settlement terms of up to 6 months and is suitable for all types of residential property including vacant land.
How to apply
What you need to do to apply
To apply, you just need to complete an application form and show us that you have sufficient funds to complete the purchase at settlement.
Auction
Can I use the Deposit Power Guarantee at auctions?
Yes. A Deposit Guarantee can be issued prior to you attending an auction. The Guarantee amount is capped, but not the property details, so you can attend a number of auctions. You simply complete the vendor and property details on the Guarantee Certificate when you are the successful bidder.
Refunds
Can I obtain a refund if I don’t use the Guarantee?
Yes. If you return the unused, original Guarantee Certificate within 30 days of issue the fee will be partially refunded. An administration fee will be deducted and the balance will be refunded to you.
