Search

Search News Search Questions

News > Misc > Deposit Power to power up

Misc

Deposit Power to power up

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

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.

Read More - Opens in a new window

Next Article

Changes at Tenancy Services for landlords

Most Read

See more News >

Top Mortgage Rates

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.19
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
Nelson Building Society 4.69
TSB Special 4.69
Co-operative Bank - First Home Special 4.69
AIA - Go Home Loans 4.75
ASB Bank 4.75
Kiwibank Special 4.75
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
Nelson Building Society 5.09
Co-operative Bank - First Home Special 5.19
Kiwibank Special 5.19
ASB Bank 5.25
AIA - Go Home Loans 5.25
TSB Special 5.25
Co-operative Bank - Owner Occ 5.29
Unity Special 5.29
Westpac Special 5.49
SBS Bank Special 5.49
BNZ - Std 5.49
AIA - Go Home Loans 5.59
ASB Bank 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.69
Co-operative Bank - Owner Occ 5.79
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.20
Co-operative Bank - Standard 5.34
Co-operative Bank - Owner Occ 5.34
ICBC 5.39
Kiwibank Special 5.75
Kainga Ora 5.79
TSB Special 5.79
Unity Special 5.79

Full Rates Table

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Landlords
© 2026 Tarawera Publishing Ltd.