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Deposit Power works by providing a deposit guarantee to the seller or real estate agent on behalf of the buyer. This guarantee is a substitute for a cash deposit and can be used to secure the purchase of a property. This means that buyers don't have to wait years to save a large cash deposit, making it easier and faster to enter the property market.
One of the key benefits of using Deposit Power is its flexibility. Buyers can choose the deposit amount they need, up to 10% of the purchase price, and the term of the guarantee, which can be as short as 6 months or as long as 48 months. This flexibility allows buyers to tailor the guarantee to their specific needs and financial situation.
Another advantage of using Deposit Power is that it frees up cash for other expenses associated with buying a property, such as legal fees, stamp duty, and moving costs. This can be particularly beneficial for first-time buyers or those who have limited savings.
Overall, Deposit Power provides a convenient and accessible solution for buyers who are unable to provide a cash deposit upfront. With its flexibility and cost-effectiveness, it opens up more opportunities for individuals and families to enter the property market and achieve their homeownership goals.
|Deposit guarantee service
|Quick and easy process
|Flexible deposit options
|Trusted by lenders
|Peace of mind for buyers
|Customizable guarantee periods
|Transparent fees and charges
|Satisfied customer testimonials
Number of Products
- Deposit Bonds
- Residential Bonds
- Commercial Bonds
- Deposit Assure
- Refinance Bonds
- Bridging Bonds
- Auction Assistance
- Off-the-Plan Bonds
- Property Development
- Financial Services
DepositPower offers a range of products and services to the real estate industry, including:
Overall, DepositPower provides a comprehensive suite of digital solutions to the real estate industry that enable businesses to establish and enhance their online presence, generate leads, and streamline their operations.
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