Category: Mortgages

NHT BOSS TO BE REPLACED »

Patrick Foster
Thursday, December 17, 2009
GOVERNMENT is to replace Earl Samuels as managing director of the National Housing Trust (NHT) next January, in a major shake-up at the island’s premier housing organisation.
Samuels’ contract expires on December 31, and according to NHT Chairman Howard Mitchell it will not be renewed as the organisation is embarking on a [...]

Homeownership Made Easier!!! »

NHT introduces new housing initiatives
Thursday, September 10, 2009
PAID-UP contributors interested in owning a National Housing Trust (NHT) unit will no longer have to struggle to find a deposit, under one of five new initiatives that the institution rolled out yesterday aimed at making homeownership more affordable.
Senior NHT officials, who made the announcement yesterday, said hard-pressed [...]

GORE DEVELOPMENTS CHIEF CALLS ON GOV’T TO DOUBLE NHT LOAN CEILING »

By Julian Richardson
Friday, August 28, 2009
Principal and executive chairman of Gore Developments, Phillip Gore, called on Government to double the National Housing Trust (NHT) loan ceiling to $7 million.
The NHT currently offers loans of up to $3.5 million at annual interest rates of between two and eight per cent to individuals who meet the repayment [...]

UK MORTGAGE LENDING RISES »

Wednesday, August 12, 2009
LONDON, England

Britain’s housing market is slowly stabilising, though activity is still low compared to previous years due to the recession, industry bodies said yesterday.
The Council of Mortgage Lenders said gross mortgage lending in the United Kingdom rose by 23 per cent in June compared to the previous month but still lagged at [...]

Shopping for mortgages »

Published: Sunday | May 31, 2009
Avia Collinder, Business Reporter
It may not be the best of times to be shopping for a home in Jamaica. In general, it is more difficult to qualify for a mortgage now, as lenders attempt to deal with increasing loan defaults, clamping down on new credit in the process.
Mortgage rates are [...]

RBTT Jamaica to enter residential mortgage market – RBC merger to make headway June, finalize 2010 »

Published: Friday | April 24, 2009
Sabrina Gordon, Business Reporter
RBTT Jamaica, the nation’s third-largest bank by assets, is set to enter the residential mortgage market by the end of the calendar year, a service already being offered by sister operations in the wider Caribbean.

But the Minna Israel-led bank enters a market that is dominated by Jamaica [...]