Middle Harbour Conveyancing has an arrangement with Vero Insurances whereby Deposit Guarantees can be arranged immediately on behalf of a Purchaser.

A Deposit Guarantee is a guarantee (or bond) that substitutes for the cash deposit between signing contracts and settlement. The guarantee can be used for all or part of the deposit required, up to a maximum of 10% of the purchase price.

There are a number of situations where you as a potential purchaser may not have ready access to the cash deposit required to secure your ideal property. Some of these situations include:

• Where your current home is sold, however the funds are not yet available for the deposit
• Where you do not wish to sell shares or pay the penalty for breaking a fixed investment
• Where you may want to attend more than one auction before you decide which home to purchase
• Where you are an investor and your loan funds are not available until settlement.

Members of Australian Institute of Conveyancers NSW Division are the only people outside financial institutions/finance brokers who can write the guarantees underwritten by Vero Insurances.

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