Has anyone any views on which lenders offer the better bank guarantee? This is in terms of set up, cost and ease to get it released. The use is for a deposit for an off the plan purchase which is supposed to settle 12 to 18 months. Deposit bonds are not prevalent in Victoria whereas a bank guarantee is the more normal form of deposit security used. Greg
St George and CBA would be you best bet as they grant approvals that last for 17 & 18 months respectively for OTP. A deposit bond over that time frame will be more expensive.