The National Housing Trust (NHT) recently implemented certain changes that now make it easier for young professionals to own their own home. Here are the changes:
- Typically, the length of time that you’ve contributed to the NHT is one of the key factors used to determine whether or not an individual will qualify for a loan. Natural, younger persons would not have accumulated many years of contributions. Thus, the NHT has taken a percentage of that required length of time and shortened it, so that more young people can get benefit rather than just older persons who have more years of contribution. Once persons 18 years and older have been contributing consistently for over a year, and their income meets the standards, they are able to reap benefits.
- Young persons can also use the combined income policy, i.e. where two persons combine their incomes in order to access a mortgage.
- A third option is through the shared equity programme — for persons who do not qualify to access the full loan, but are qualified for up to 60 per cent. The trust will lend the additional 40 per cent to be repaid over a five-year period. Note however, this applies only to NHT schemes.
Additional benefits that will be available to young people soon include:
- Transferable benefits – where parents will be able to transfer NHT points to their children.
- Start of a scheme – nine combined group of two’s (18 persons) can start their own scheme.
- Persons living overseas can contribute to the trust in Jamaica, by making payments through banking institutions. Steps are also being taken where they can pay via debit and credit cards online.
The first major step for young people now is for them to actually open an NHT account.
i am interesting in acquiring a home or a loan for a home from the (N.H.T), I am presently employed with a reputable company for the past five years which my income is $360,000.00 thousand per anum and have been a N.H.T contributor since,please tell me where to start and what other requirements do i need.
i am interesting in acquiring a home or a loan for a home from the (N.H.T), I have worked with government agency for 2 yrs and I am presently working government agency for over a year.my income is $390,000.00 per anum and have been a N.H.T contributor.please tell me where to start and what other requirements do i need.Please respond ASAP.
I am living in New York and would like to open an account with NHT.Needs some info on how to go about doing this.My income is between US $70-80,ooo anually,not including overtime of sometimes US$10-15,000 per year.
I’m now living in England, I use to contribute to NHT FROM 1995-2002. I need some information as to how I can continue to contribute monthly.
i am interesting in acquiring a home or a loan for a home from the (N.H.T), I have worked with government agency for the past 8 years and have been a N.H.T contributor.please tell me where to start
I am interesting in acquiring a home or a loan for a home from the (NHT).I have been working for over eight years but with the companys.my annual salary is between $800,000-$850,000.please tell me how to go about doing this and what other requirements do i need.
? to NHT and the government , why is it that i try 6 times to get my home at the NHT , an did not get any good help from NHT , at the time i change work 4 times , because of that i give up my last job over 3 years no , an i have it in my head that i was rob by NHT and government and employers cause i have paid my NHT for more than 20 years and get nothing from NHT , only pretty chat , i have to go and rent a house for $80,000.00 a month in the kgn 6 area just to keep a roof over my kids head and cut it up and rent rooms to student and try to pay the bills cause the light bill get so high on me , a dad of 2 boys , try many times to chat with bruce but pat and others at is office eat the msg send emails letter and more even drop off letter with pat before her vacation , i have no trust in NHT nor any goverment that dont look out for there people its true what they say were i live only the rich will make it the poor will remain poor , i am a proud dad that always tell my kids that jamaica is bless , no i dont no what to do right no , i have reach the last step , no my ? if the people is what make NHT and the government why not just make it that everyone pay for thier home true there pay and just give them a home instead of collecting all there money and just selecting a few like rats in a trap cause thats how i see it , feel free to reply if your man are lady enough , i just hope when i die my sons will be better ofter my death , its great to no that a country that fights for independent , no have to turn round and still fight there people , i am just upset about everything , and most of all i am upset with bruce for having is worker hide him from the public he only see those he wants to see cause it as bib 2 long trying to chat with him and the under dogs of is house i even get dis for some of is members an is team , but a we are Jamaicans so i understand the disthing feel free to call
I am a N.H.T contributor And am interseted in becoming a home owner, currently i am earning 343854.67 per anun. I have paying for the past 6 yrs, i dont know where to start can you help.Please respond.
I am trying to acquire a home through NHT, i have gone there several times and it was not sucessful at all.
I am living in Montego Bay and i am a mother of one (1) beautiful daughter and i have been working since i was 19yrs old, known to be paying NHT from i was 21yrs old and i am now 28yrs old. I have 200,000 in savings right now because i am trying to get a house because i am fed up of paying rent to landlords and the house is not mine it makes no sense. Please i am asking for assistance in getting a home of my own because i am really desperate at this time
Hi,
How do i find out if im qualified for this?…….i have been working for a company over a year now and i make per year 439,000…is it possible to advise if im qualified for a LOAN……i want to start life early…
need more info cause am earning over 550000 per month and still no luck from nht side to get a house wat is the matter? am 28
I have been working with the ministry of Education for the past 3 years and have been an NHT contributor from then. I would like to access an NHT loan. I am earning $792,000 per anum. I really need some advice. Thanks in advance.
I would like to aquired a home through NHT, I work for a government Institution and by next Year 2012 ,my father with turn over his contribution to me and also my partner and i will also like to combine both our contributions, please advise me on the next step.
I am 23 years old i would like to purchase an apartment before my 26th birthday my price range is 5 million to at least seven million. I make about 520,000 per annum. i am wondering how much would i be entitled to borrow. Do you think it is possible for me to acquire an apartment by my 26th birthday?
Ilook forward to a favourable reply
i am working at a school for three years ,i through NHT for the three years. i am getting 36000 per month before tax. what is my next step.
I am a N.H.T contributor And am interseted in becoming a home owner, i dont know where to start can you help.Please respond.
i am interested and would like to get a house before my 23 birthday. my price range is 3 million and i would love to get a house.my father and i would like to combine. i get 60,000 per month. please respond. thank you
Iam intresting in purchasing a home through NHT. I have worked with reputable companies and is with one presently. my annual salary is between $690,000-$720,000 an yes i have been an NHT contributor for over 4yrs.please tell me whats the next step. Thanks for your immediate response.
I have been paying nht contributions for the past nine years and have gotten no positive response. I earn 480,000 per year and would love to earn a home. I would love a reponse as soon as possible as im tired of paying rent. Please reply.
give young people a chance to earn something
would like to know wats the the steps taken if u r working for a company for 7years & on your pay slip it shows that all taxes have been drawn even the nht & not being paid how do i go about getting some for of justice here need sum info asap need to stop paying morgage for ppl thats renting ppl place
I am currently working with a Government Agency for 1 1/2, I earn $432,892.00 per annum, My partner has been employed with his Company for the past 6 years. We are interesting in aquiring a home or loan from NHT.
i’m a civil servant, who’s intrested in becoming a home owner soon.. i have been contributing for over 2years in my current job, and earns just over 1 million per year…. i’m a 24years old male. where do i go from here,,???
I am 24 yrs of aqe and I aquire 1.24 million per annum I’d like to know where in manchester can in manchester does Nht have land that I can apply to get? Im awaiting a respons thank you!!
I have been contributing to nht since 2008-2012 wht do i need to do to get a scheme house? i need info asap.
As a contributor to the NHT for over 15 years, why is it that much more is not been done to help young people towards home ownership? Not everyone has someone to join with in owning a home and that is very disappointing. I really do hope NHT will start investment in a more single bedroom units so that single, young working class individuals may be able to feel some sense of worth or even low income families can feel some sense of accomplishment in owning a home in Jamaica. If more lots are allocated for selling as well, that would also drastically help toward home ownership. Jamaica has a lot of waste land it is time to be more proactive. I was taught that one of the basic “need” of man is shelter and if a “need” is not being met that is cause for serious issues. Bear in mind the spin of social problems we have when people build squatter settlements e.g. ( abuse, gangs, illnesses arising as a result of not having proper infrastructure such as road, light, water and sewage and garbage disposal. Please even start giving the basic structures, and bear in mind that majority of the population or not every one can afford a two bed room unit.
Dear sirs:
I am interested in acquiring a home or a loan to purchase a home through NHT. I have worked with reputable companies over the years. My gross annual income is 990,000.00. I have been an NHT contributor for over 4yrs.
Kindly advise as to how I may proceed to acquiring same.
Thanks in advance for your response.
Best regards,
Latoya
I am interested in becoming a house owner. I want to combine my mother’s points with mine but I need some guidance on how to do so.
I would like to open an account to acquire a loan what are the steps
Really need a house
Can I get some info pertaining the starter plan houses
Am security that work with a very big security campany in Kingston but i need to own my home before its too late how can i go at it please email me the info
I jast want to know where to start
I’m a Jamaican citizen living in florida. I’d like to use my NHT points to purchase land in Jamaica. How do I begin?
I would like to enquire
I’m interesting in acquiring a house from the NHT I’m presently employed for the past two years, please tell me where to start and what are the requirements that i need
How can I start contributing to the nht if I use to do so but is living oversea at the moment and how long would I have to wait to obtain benefits?
I would like to do t started