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Sealed bids (in envelopes) should be given to the Receptionist at any of the NHT’s Branch Offices/Service Centres, between the following hours each day: Mondays to Thursdays - 7:30 a.m to 3:00p.m. Fridays - 7:30 a.m. to 2:30 p.m. You must ensure that all the requirements outlined for purchasing a property are strictly followed in submitting your bid.
An 'Asking Price' for each property is displayed. This price is the amount we will be prepared to consider as an offer to purchase the property. Please note that this figure is subject to change from time to time. *N.B. We reserve the right to accept or reject any bid, and we are not compelled to sell the property to the highest bidder.
Type of financing Requirement Loan from NHT 5% of the bid sum is payable as a deposit, providing the other associated costs can be covered by the mortgage loan. Loan from other source(s) 15% of the bid sum is payable as a deposit, providing the other associated costs can be covered by the mortgage loan. Cash purchase 15% of the bid sum is payable as a deposit. Evidence of the balance of the purchase price and the other associated costs must also be provided before offer is considered acceptable. Joint Finance Mortgage Programme (JFMP) 15% of the bid sum is payable as a deposit, providing the other associated costs can be covered by the mortgage loan.
You will be required to pay the difference between the bid amount and the maximum loan entitlement. This is also subject to your ability to repay the loan. You must provide evidence that you can pay this shortfall before the sale/purchase processes can commence.
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.
