What if you don't have cash deposit?

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 and Insurance Professionals Mortgage Broker today.

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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 and Insurance Professionals is a trading style of Mortgage Compare Limited which is authorised and regulated by the Financial Conduct Authority.
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Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
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