Deposit Power Guarantees, which provides an alternative to paying a cash deposit on a house, is about to crank up its marketing efforts in New Zealand.
Thursday, February 12th 2004, 9:35PM
by The Landlord
Deposit Power, which is ultimately owned by Promina, formerly Royal & SunAlliance, started operating here last year, but that was just "a very soft launch," says general manager Steven Watters.
He says that is about to change.
Deposit Power is for people who for whatever reason can’t or don’t want to produce a cash deposit can pay Deposit Power a fee of 1.2% of the deposit and Deposit Power will guarantee the vendor that the transaction will be settled.
