Long Term Deposit Guarantee FAQ
Once you’ve found the right property, secure the purchase without tying up your own cash for the deposit using a long term deposit guarantee.
Naritas offers long term guarantees to suit settlement terms from 6 to 48 months, and they are perfect for when you are buying properties that are off the plan, under construction, or vacant land with extended settlements.
How do I apply?
To apply, you will need to complete an application form and show us you are an existing property owner. As part of the application you need to include the following:
- Rate notice/s for residential property owned
- Mortgage statements
- Refunds & Rebates
Obtaining a refund
Yes. The fee will be partially refunded if you return the unused, original Guarantee Certificate within 30 days of issue. An administration fee of $500.00 will be deducted and the balance will be refunded to you.
Fee rebate for properties that settle before a Guarantee expires
Yes. If a property settles more than six months before the expiry date of the guarantee, you can apply for a fee rebate, less an administrative fee.
The rebate is based on the date the Guarantee was issued and received. To qualify for a rebate you must return the original Guarantee at least 6 months prior to the expiry date with a covering letter from your or the vendor’s solicitor confirming the date that the property settled.
Please contact us on Live Chat or call us on 1300 558 887 to discuss your situation if you would like to apply for a deposit bond