When you have found the right property and need a deposit to secure the purchase, Deposit Power can help by providing a short term guarantee.
A Deposit Power Guarantee is an ideal substitute for the cash deposit required when purchasing a residential property and can be issued for all or part of the deposit amount required, up to 10% of the purchase price.
This means when you are purchasing a residential property, you do not have to pay the deposit in cash when the contracts are signed, you simply pay the full purchase price to the vendor at settlement.
A Guarantee from Deposit Power is the perfect solution for first home buyers, home owners with funds tied up in their current property, and investors as well.
As long as you have the funds available at settlement, with Deposit Power you are in the position to buy your perfect property as soon as you see it, and don’t need to wait to arrange the deposit in cash.
And Deposit Power has guarantees to suit both short and long term settlements, allowing you to purchase existing homes, buy off-the-plan homes or build your own home on a vacant block.
To find out how Deposit Power can work for you, ask your Mortgage Compare Limited Mortgage Broker today.
Mortgage Compare Limited is bound by the Data Protection Act of 1998, and information provided by you will be held, processed and used by ourselves, professional advisor and any associated companies in servicing our relationship with you, however strict confidentiality will be maintained at all times.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Mortgage Compare Limited which is authorised and regulated by the
Financial Conduct Authority.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
See our website for our terms and conditions.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right to Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Mortgage Compare Limited is entered on the FCA register under reference number 600521.