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All contribution refunds to voluntary contributors will be made in Jamaican dollars. Refund payments will be made directly to the contributor or if a mortgage exists, to the contributor’s loan account. In addition, mortgages to voluntary contributors will be transacted in Jamaican currency only.
Voluntary contributors, like all other NHT contributors are due a refund of their contributions in the eighth year after those payments were made.
If you are an overseas contributor, your contribution is quoted in the currency of the country which you are working. Your payment will then be converted to local currency at the prevailing rate set by the Bank of Jamaica on the date the payment is processed.
Your first payment is due immediately upon registration. Thereafter, voluntary contributions are due by the last day of every month and must be paid no later than the 15th of the following month. For example, voluntary contributions for the month of September are due September 30th but must be paid by October 15th to avoid penalties.
Yes. Contributors who were assessed for periods worked in Jamaica before going overseas are liable for these outstanding amounts inclusive of interest thereon.
Payments are only accepted in Jamaican Dollars (JMD) , therefore you would need to convert same to the JMD equivalent.
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.
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.
You may click on the "Properties for sale" link OR Visit the nearest NHT Branch Office or Service Centre and speak with a Customer Service Representative; OR You may give us a call at the following numbers: (876) 929-6500 –9 or toll free at 1-888-CALL NHT.
