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Yes, the NHT assists with the deposit in two ways. 1. If you have paid the 5% minimum deposit, and the vendor requires a larger deposit amount, the NHT will assist if the house/lot being purchased is less than the loan that you are eligible for. 2. The NHT will allow you to use contributions not yet due for refund to offset your deposit under the Contribution Refund Towards Deposit (CRTD) facility. Up to 6 years contributions can be used.
Starting July 1, 2025, eligible "private sector" mortgagors can apply for their 2017 contributions refund. These refunds were previously reversed from their loan accounts, effective January 1, 2025, and posted to their savings accounts for possible refund in hand.
You can get back your total contributions if you fall in any of the following categories Retirees Invalidity Pensioners Expatriates who are leaving the island Agents/Nominees of deceased contributors This is called Special Contributions Refund (According to Section 22 of the NHT Act).
No, payments must be made at the NHT cashier or to the external attorney who is handling the case on NHT's behalf.
Persons who qualify for a Special Refund are : Retirees Invalidity pensioners Migrating expatriates Agents of deceased contributors A Special Refund gives you access at one time, to all the contributions you have made to the Trust.
Vacant possession is not guaranteed. If the unit is still occupied by the previous owner(s) or is tenanted, upon receipt of Letters of Possession from the Trust, you will be responsible for ensuring that the property becomes vacant by serving a notice to quit on the occupants, and pursuing Court action for recovery of possession.
We cannot give you permission to access the property, however, if the occupant(s) is/are willing to allow you access to any area of the property, this is done at his/her own discretion. The properties are sold on an “as is” basis, therefore if upon inspection, any damage is identified, we do not accept responsibility for same.
We will give priority to “Cash purchase” for these properties; however, mortgage loans will be provided to qualified contributors provided that when the bids/ letters are being submitted, the persons who are interested in purchasing the properties do the following: indicate that they agree to purchase the property even though there is no Registered Title; provide proof of how the property will be purchased ( i.e by cash, or by getting a loan from a financial/mortgage institution).
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.
Bids are opened twice per month, usually on the second and fourth Thursday of each month.
If the bid is considered to be acceptable, and the Private Treaty Committee has approved sale of the property to a successful bidder, the successful bidder will receive a telephone call to firstly indicate the success of his/her bid, and advised that the letter of approval and other offer conditions should be collected from the NHT's office within two (2) working days of receipt of the approval. The unsuccessful bidder will be sent a letter, by mail, advising of the status of his/her bid, within five (5) working days of receipt of approval. The bidder whose bid was disqualified will be sent a letter, by mail, advising of the status of his/her bid, within the same time-line. N.B. If a sale is not approved, the NHT will continue to invite interested persons to make offers to purchase the property. We would appreciate if this request is given urgent attention, in keeping with a recommendation made by our internal auditors.
