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Deposit Saver
Submitted by administrator on Wed, 21/10/2009 - 10:24am
Deposit Saver was a deposit bond or deposit guarantee organistian who ceased to offer deposit bonds some time ago.
There are still deposit bonds available from other deposit guarantee providers.
A deposit bond or deposit guarantee takes the place of a cash deposit required between the time of exchange and settlement of the residential property to be purchased.
A deposit guarantee is a way of avoiding the need to access cash to raise deposit money.
The the full amount of the purchase price including the amount of the deposit still must be paid at settlement.
