Other Products

Deposit Bonds

A Deposit Bond is a guarantee or bond that substitutes for a cash deposit between signing contracts and settlement when you buy a property. The maximum amount of the deposit bond is usually up to 10% of the purchase price.

There are two types of this facility, Standard and Long Term.

The Deposit Power products available include both Standard and Long Term bonds. The Standard bond is used for purchases with settlement within 6 months. The application fee is generally 1.2% of the guarantee amount with a minimum fee of $100.00

Long Term Deposit Bonds are for settlement terms between 6 months and 36 months and are suitable for purchases that invlove longer term settlements such as properties under construction, vacant land or buying off the plan. The minimum fee payable for a Long Term Gaurantee is generally $500.00

Risk Insurance

Risk Insurance provides an agreed financial benefit on the happening of an insured event. Risk Insurance covers a number of insured events, such as Income Protection Insurance, Partial and Total Disability, Trauma Insurance through to payment in the event of death.

To find out more, please contact us