Deposit guarantee companies test NZ market
In what is perhaps yet another sign of just how buoyant the housing market, a new form of financing deposits has emerged, the deposit bond or guarantee.
Thursday, October 9th 2003, 3:17AM
by The Landlord
Essentially, they offer potential residential property buyers the option of paying a relatively small fee to have their deposits guaranteed, rather than having to pay it in cash, until settlement date.
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