A good way to get information on property listings is to start by connecting with a licenced realtor agent. Visit jnpropertieslimited.com to connect with one of our licenced and competent realtors. You can also choose a realtor from any of our realtor partners. Visit jnbank.com and click ‘Real Estate Service’ in the footer at the bottom of the page. All licenced realtors in Jamaica have access to the Multiple Listing Service, commonly known as the MLS and can conduct a search for the property type and location you’re looking for.

You can also subscribe to our JN Bank eDevelopment eNewsletters to receive information on properties for sale. To subscribe, visit jnbank.com and scroll to the footer at the bottom of the page. Click the yellow button ‘Subscribe’ under ‘Newsletter’ on the right.

To verify whether the realtor you choose is licenced, you can contact the Realtors’ Association of Jamaica or conduct a search via their website at https://realtorsjamaica.org/find-a-realtor/

You can easily find an attorney, land valuator, land surveyor, engineer or developer by doing a search on the internet. To verify their competence and qualification, you can do a check with any of the following professional or government bodies:

• General Legal Council
• Land Surveyors Association of Jamaica
• Association of Land Economy and Valuation Surveying
• National Land Agency
• National Housing Trust

After submitting all your documents, it could take as little as 30 days to receive a final response from JN Bank. 

You don’t need to have an account with us in order to apply for your mortgage at JN Bank, but you will be required to establish an account during the mortgage application process. You can open an account easily by downloading and registering in the ONE JN Passport app from any of the app stores and then use the app to open an account. The app is intuitive and will assist you with all the information you need to provide for your account. 

At JN Bank, we offer a variety of mortgage financing options to suit your lifestyle. Follow the link to our website to explore, which suits you best, https://www.jnbank.com/personal-banking/mortgage/mortgage-list/

The mortgage application process is one that requires accurate information and assessment that requires the skills of trained professionals.

Attorney - You need an attorney to represent your interests in the transaction. Purchasing property is huge financial undertaking, so you should transact cautiously. Your attorney will negotiate on your behalf and ensure that the Sales Agreement is fair and in your best interest. A good attorney will also guide you along each step of the process to owning your property.

Valuator - A current and factual value of the property will be required as part of the application process. The bank will, therefore, only accept the report of a competent and certified valuator, usually one that it also has a relationship with. JN Bank will provide to you a list valuators that you can choose from.

Surveyor - The bank will require an up-to-date surveyor’s report to ensure that are no breaches or encroaches that will affect the value and future sale of the property; therefore, a report from a competent and licenced surveyor is needed.

The mortgage application process is one that is very involved and requires you to be prepared. We have outlined for you a step-by-step process on our website on how you can get qualified, including the documents you will need to provide. Click the link or copy and paste into your browser - https://www.jnbank.com/personal-banking/mortgage/mortgage-application-process/ to visit the page on our JN Bank website.

The mortgage application process is one that requires a lot of preparation, as it involves various costs that the applicant will need to finance. These include the deposit for the property, which could range from five to 10 per cent of the property value; professional fees, such as attorney, valuation and surveyor fees, and duties and processing fees.

Some property vendors will not consider your offer without receiving a pre-approval letter from your mortgage financier; therefore, it is recommended that you get one. It also provides you with useful information that tells you whether you can currently afford the property you desire. 

1. Not enlisting the help of key professionals, such as a realtor, attorney, valuator and surveyor, early in their mortgage application journey.
2. Trying to hasten the process. Don’t try to cut corners, follow the process and conduct your due diligence.
   

If your family owns land in Jamaica but only has a receipt, old sale documents, or informal proof of ownership, there may still be a path to secure and transfer that land properly.

START HERE CHECKLIST

• Find any receipt, agreement for sale, or old land paper.
• Gather property tax receipts or land tax records.
• Check whether a physical survey plan exists.
• Confirm whether the owner is alive or deceased.
• Check whether anyone is currently occupying the land.
• Speak with a qualified Jamaican attorney.

QUICK ACTION CHECKLIST

• Identify whether the owner is alive or deceased.
• Gather all land papers, receipts, and tax records.
• Locate or commission a survey plan.
• Check whether the land is currently occupied.
• Confirm land tax status and bring it up to date.
• Ask an attorney about registration options.
• Start the registration process as soon as possible.
• Land Title / Ownership Issues