NHT to Introduce Intergenerational Mortgage

• The National Housing Trust (NHT) will be introducing an intergenerational mortgage programme in the upcoming fiscal year according to Prime Minister, the Most Hon. Andrew Holness,
• This initiative, he said, will allow flexibility in how a family member can support a beneficiary in acquiring an NHT property.
• The aim is for a younger sibling or child to agree to carry the mortgage obligation, subject to affordability when the older mortgagor retires or dies.

(Source: JIS)