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We reserve the right to withdraw the offer of sale of a property to a successful bidder if:- the defaulting mortgagor makes acceptable arrangements to settle the outstanding payments on his/her account, before the successful bidder pays the required deposit; the successful bidder fails to provide required documents within the established time-lines, or the information and contents provided in the documents presented do not meet established standards. the successful bidder is unable to satisfy payment of all costs to complete the sale; N.B. We will allow any bidder to re-bid on the same, as well as any other property, if the property is subsequently re-listed for sale by Private Treaty.
The NHT may offer a successful applicant, with or without a co-applicant, a short-term Lease, not exceeding three (3) years. The Lessee has the option to purchase the Unit at its original selling price, at anytime during the Lease period. If you would like to know how the NHT can help you in owning one of these units, then contact us
Private Treaty Sale is one of the methods used by financial institutions such as the NHT, to legally recover outstanding mortgage loans in default, and which are secured by properties such as residential homes.
Only the points of the primary applicant will be used for selection. So, ensure that the person with the highest points is the primary applicant.
Watch our website and the print media to see if your name was published.
The Priority Index Entitlement (PIE) System is the selection system used by the NHT to award scheme loans to eligible contributors. Under PIE selection the criteria are: Parish of residence or Parish of employment— Applicants must live and/or work in the parish where the development is located. Number of points—Points are derived from weekly contributions and current income.
Only in instances where the price of the unit is greater than the loan amount granted by the NHT.
