Deposit Power gives you the power to secure your residential property quickly and without hassle, even if your money is tied up in your current assets.

What is Deposit Power?

The Deposit Power Guarantee is a substitute for the cash deposit on residential property purchases, between signing the contracts and settlement. A Deposit Power Guarantee can be issued for all or part of the deposit amount required, up to 10% of the purchase price. At settlement you simply pay the vendor the full purchase price, including the deposit.

Why use Deposit Power?

Using the Deposit Power Guarantee to secure property is a convenient option and may save you money. Flexibility and ease of access are the major benefits of the Deposit Power Guarantee, as it can usually be arranged in 24 hours.

Who is eligible?

Provided you can prove that you have sufficient funds available to complete the purchase on the residential property, you are eligible to apply for a Deposit Power Guarantee.

Deposit Power Guarantee is issued by Vero Insurance Limited ABN 48 005 297 807. Deposit Power Guarantee was established in 1989.