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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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Written by Ciaran Westland
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Saturday, 24 July 2010 |
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The Institute is delighted to announce a new legal partner Murfett Legal joining the AICWA Legal panel. Murfett Legal join MGB Legal and Corser and Corser as sponsors, partners and preferred legal representatives of the Institute and the Institute's members. Murfett Legal is a legal practice located in Subiaco, Perth, Western Australia having been established in 1990. Murfett Legal’s reputation is highly regarded as a commercial litigation firm and it has continued to expand and now accommodates our clients’ broad personal and business legal needs. |
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Last Updated ( Saturday, 24 July 2010 )
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Written by Ciaran Westland
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Friday, 06 August 2010 |
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Institute education partners, Stewart Title, have been part of the Conveyancing Community in WA for some years now and over that time, Title Insurance has begun to become part of a normal settlement procedure. Recognised, accepted and requested throughout the Conveyancing Community in Western Australia, Title Insurance is a vital product for protecting the interests of real estate owners and purchasers not only in Western Australia but throughout the nation and in many other counrtries. Harvey Deegan discussed Title Insurance with Rob Druitt, REIWA on 6PR's saturday morning real estate show. Click here to hear the commentary. The Institute fully supports the use Title Insurance as a risk management tool for Settlement Agents and consumers purchasing real estate in WA. |
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Last Updated ( Friday, 06 August 2010 )
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