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Written by Ciaran Westland
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Wednesday, 30 September 2009 |
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The Institute has been aligning with industry partners to provide much needed services to you and your clients and recently announced Houspect as a preferred supplier of Building Indemnity Reports for your clients. Further to this, the Institute is delighted to announce that once again JLT with QBE Insurance, have put together a package for AICWA Members clients in need of Owner Builder Home Indemnity Insurance.It is a requirement that Owner Builders obtain Home Indemnity insurance before on selling their property (within seven years of taking out a building license), but are often unaware of this requirement until informed by their Settlement Agent. The Institute has aligned with Houspect to provide Building Reports and QBE Insurance through JLT to provide Owner Builder Insurances to your clients. Often there is an urgent need for this insurance to be put in place to avoid delay of the settlement; both providers have assured the Institute of a rapid service for AICWA Members clients.A fax form for Houspect is available on the “news and info” drop down menu... simply ask your clients to complete and fax directly to Houspect at the number on the form. Houspect will then provide your client with a building report within 24 hours, making less work for you and your client.QBE and JLT have agreed to work closely with Houspect to then provide the Owner Builder Insurance within 24 hours of receipt of the report and a complete application. |
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Last Updated ( Wednesday, 30 September 2009 )
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Written by Ciaran Westland
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Wednesday, 30 September 2009 |
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The Institute has recently aligned with Bug Busters as preferred supplier of Pest Inspections for your clients. Bug Busters offer a high quality service and an accredited report. They have also offered preferred prices to members’ clients booking Bug Busters services with the Bugbusters Fax Form available from the "News and Info" drop down menu. When you consider that the purchase of a home is usually the single biggest investment a person makes in a lifetime the protection of that investment is of considerable importance. Everyone has heard horror stories of houses falling down from damage caused by timber pests. In fact termites cause millions of dollars worth of damage each year, to properties in Australia. Buying a home that is infested with termites or timber pests, will cost a lot of money to rectify, and will make the cost of an inspection seem insignificant.
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Last Updated ( Wednesday, 30 September 2009 )
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Written by Ciaran Westland
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Friday, 13 February 2009 |
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A Deposit Power Guarantee is a guarantee 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. Deposit Power are able to issue Short Term Guarantees (for settlement terms of up to 6 months), for both auctions and private treaty purchases and Long Term Guarantees (for land transactions or off-the-plan purchases with settlement terms of up to 48 months). Short Term Guarantees - Deposit Power assess Short Term Guarantee applications on the purchaser’s ability to complete the purchase. This will generally be through a Loan Approval - subject to valuation (when applicable) and evidence of other contributions. Click here for Short Term Application Form Long Term Guarantees - Deposit Power assess Long term Guarantees on an equity basis, which means that the purchaser must demonstrate that they have at least 50% of the purchase price in equity in existing residential property. Click here for Long Term Application Form. If you would like further information about Deposit Power guarantees (Click Here) or to arrange your accreditation with Deposit Power please contact Rodney Cottam on (02) 9978 9173. |
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