Deposit Guarantee

Is your deposit cash tied up?

When signing a contract to buy a home, a Deposit Guarantee¹ can be used instead of a cash deposit.  A Deposit Guarantee is a quick and easy alternative when you have cash tied up in investments (such as shares or a term deposit) or when you're waiting to sell your existing property before you can get the cash for the 10% deposit on the new property.

If you're in the process of buying residential property, here's how you'll benefit:

Both short term and long term Deposit Guarantees are available:

• Convenient and cost effective alternative to a cash deposit (up to 10% of the purchase price)
• Keep your other cash investments intact until settlement
• Enjoy fast turn-around
• Short term Deposit Guarantees (no security required) are available for up to 6 months and useful when you don't have a deposit and are purchasing a property at auction.
• Long term Deposit Guarantees -great when purchasing 'off the plan'- are available from terms of 6 to 48 months.

Important information

1. We act as an agent for Vero Insurance Limited to provide Deposit Guarantees. Vero Insurance issues Deposit Guarantees under the registered trademark ‘Deposit Power’. We receive commission for each Deposit Guarantee we sell. You can only apply for a Deposit Guarantee after you have unconditional loan approval (only subject to valuation).