You can apply by doing the following: ( i ) Visit the property of choice to determine its external condition, and if it is in a suitable location; ( ii ) If you are interested in purchasing the property, write a letter, referred to as a “Bid”, which must include the following information:- Full address of the property/ies of choice; Specific amount(s) being offered to purchase the property/ies; Your full name, mailing address, and telephone contact number(s); State whether you will be purchasing the property with Cash or by getting a loan from a financial/mortgage institution; Ensure

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. 

Whenever credit information has been amended a copy of the amended report is sent by the credit bureau to every person to whom the credit bureau disclosed the inaccurate or incomplete information. The consumer is also notified when the necessary changes have been made.

Once a complaint is made to a credit bureau, the Bureau should take steps such as to confirm, correct or complete the information no later than fourteen days after the complaint has been made.

Complaints regarding credit reports should be directed to the Credit Bureau from which the credit report was received.

As an authorised Credit Information Provider (CIP) under Section 8 (2) (k) of the Credit Reporting Act, the NHT has the right to share information listed in Section 8(1)(3), 7 days after publishing a general notice. 

Yes, the NHT is authorised to share this information under Section 8 (2) (k) of the Credit Reporting Act, 2010 (“The Act”).

No. The report will be used as in (a) above. Additionally it will be used to determine a contributor’s ability to afford a loan in excess of $6.5 million. Loans in excess of $6.5 million are only provided in NHT schemes where the solution is priced for more than the individual loan limit.

The NHT will use the reports it receives to : (a) assist in designing programmes to manage and service mortgagors accounts (b) assist in verifying information submitted by individuals applying for mortgages in excess of $5.5 million, in NHT schemes.

Under the Credit Reporting Act of 2010, a credit bureau can collect the following types of information on consumers: Information about the consumers’ financial means The amount and type of loans and advances or other credit facilities granted to a consumer The type of security taken from any consumer in respect of credit facilities (including lease financing and/or hire purchase) The nature of any guarantee or other non-fund based facility accessed by a consumer History of financial transactions involving the borrower Analysis of the above information to arrive at conclusions about the