Why Banks are shying away from issuing Bank Guarantees

by | Jun 12, 2019 | PowerPress

A bank guarantee is an undertaking issued by a bank to a beneficiary for a specific amount of money that has the effect of guaranteeing the liabilities or commitments of one party to another. A bank guarantee cannot be issued unless the bank has some type of asset...

The Property Market & First Home Buyers

by | May 23, 2019 | PowerPress

Now that the Federal election is over and brokers can breathe a sigh of relief, we can all get on with helping our clients without looking over our backs. Deposit Power issue hundreds of guarantees every month so we have a good idea of what is going on in the property...

First Home Buyer Scheme

by | May 13, 2019 | PowerPress

Deposit Power welcomes the Coalition’s proposed First Home Loan Deposit Scheme that will offer up to $500 million in equity through the National Housing Finance and Investment Corporation. General Manager of Deposit Power, Grant Bailey stated “given the...