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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).
Turnaround time for refund is 15 days
All refunds will be credited to the credit card used during the transaction.
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.
All contributors qualify for a Regular Refund. A Regular Refund of each year’s contribution is paid out in the eighth year after the contribution was made.
A contributor who has already received contributions refund from the NHT remains eligible for a loan benefit, once contributions payments are current.
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.
Your bid will be rejected if: you do not state your name, and did not sign the letter (if your bid was typed); you do not state the exact address of the property you wish to purchase; you state a range of figures ( e.g $1m to $ 2m) for your bid sum instead of one amount; the property is not on the list of properties which the Trust is selling by Private Treaty; words and figures in your bid letter do not agree; Real Estate Agents who are making bids on behalf of bidders, do not attach a signed copy of the bid from the bidders; when the bid/letter is opened, the information does not clearly indicate that a bid is being made on a property. a higher bid is received from another person. your proof of deposit and mortgage financing documents did not accompany your bid letter; a certified Power of Attorney document giving authorisation for your Agent/Representative to make a bid on your behalf is not received.
No. You are required to send a new letter/bid with the correct information.
