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Apply for FLISP Government Housing Subsidy
FLISP is the name of a subsidy which the government makes available to South African citizens and permanent residents who have never bought a property before, are not poor enough to qualify for a fully subsidised house, but are not wealthy enough to qualify for a bank's home loan without a subsidy. FLISP is short for "Finance Linked Individual Subsidy Projects". We will assist and guide you throughout the process. Contact us today to get started at lawyer@capetownlawyer.co.za
FLISP application requirements
To qualify for the FLISP housing subsidy you must:- Never have owned residential property before.
- Have people who are financially dependant on you.
- have a combined family income which is not higher than R22,000 per month, and not lower than R3,501 per month.
- Have never before benefited from a South African State Housing Subsidy.
- Be an SA permanent resident (with valid permit) or have a valid SA ID.
- Be over eighteen years old.
- Have a pre-approved home loan from a bank.
- ID documents of all adults in your household and the birth certificates of all the children.
- Proof of income.
- Divorce Settlement Agreement or Marriage Certificate.
Subsidy you qualify for
The amount of subsidy you qualify for depend on your family/household's joint monthly income:- R3,700 per month income means
- Subsidy up to R169,264
- R7,300 per month income means
- Subsidy up to R143,187
- R22,000 per month income means
- Subsidy up to R38,911
What the Subsidy may be used for
The housing subsidy can be used for the following purposes:- A deposit towards meeting the purchase price and reducing the home loan from the bank on the house you are buying
- Building a property on a piece of vacant land you own, with a NHBRC registered homebuilder
- Paying legal costs such as conveyancing costs including attorney transfer fees; as well as other property transfer costs.
- Paying Bond registration costs
Steps to buying your house
One of the first steps is to get pre Approved for home loan finance, if you can't get a pre-approved home loan then you wont qualify for FLISP. We can assist you in applying with FNB, Nedbank, Ooba, Standard Bank or Absa. Then identify a house which you'd like to buy. Contact lawyer@capetownlawyer.co.za to help you with:- Drafting an Offer to Purchase and putting in an offer
- The Deed of Sale
- Applying to the Department of Human Settlements for a FLISP housing subsidy.
- Transfer of the property from being registered in the seller's name to being registered in your (the buyer's) name.
- Your FLISP housing subsidy would then, if approved, be paid into either:
- The Attorneys Trust Account or
- Your Home Loan Account once your bond has been registered.
FLISP contact details
The contact number for the Department of Housing is +27-800146873 The contact number at the Western Cape Government is +27-21-4836488Individual Housing Subsidy
If you don’t qualify for the FLISP Housing Subsidy you may qualify for an Individual Housing Subsidy of up to R261 000. Email lawyer@capetownlawyer.co.za to find out more.Property transfer & sale Info
Sellers of property & buyers, speak to a property lawyer before you hire an estate agent!
- The property transfer process in South Africa - protect your interests.
- Understanding the various conveyancing costs.
- Usufruct Agreement on Property in South African law.
- Deeds Registeries Act.
- Cape Town Conveyancing Attorneys
- List of the best conveyancing lawyers in Cape Town.
- Checklist to help you identify the best conveyancer near you.
- Blouberg conveyancing attorneys
- Milnerton conveyancing attorneys
- Pinelands conveyancing attorneys
- Tableview conveyancing attorneys
- Conveyancing fees
- Conveyancing quote
- New conveyancing fees from 27 May 2024
- Transfer costs calculator for property anywhere in South Africa.
- Can I negotiate transfer costs?
- Transfer attorney vs bond attorney.
- Fixed fee conveyancing in South Africa. Possible?
- Land conveyancing
- Commercial Property:
- Marriage/Divorce-related:
- How to transfer property from husband to wife (or vice versa); whilst still married (ie not getting divorced).
- "Protection" of fixed property using a trust.
- Conveyancers conduct the transfer of property ownership from one spouse to another (or to a third party, if relevant).
- Liquidator to sell property & divide proceeds as part of divorce.
- Property sales
- Instead of using real estate agents rather use professional lawyers to sell your property.
- Urgent house sale.
- How to check whether an estate agent is licensed.
- Example of a property sales agreement.
- FLISP Housing subsidies.
- Property practitioner's Act.
- Code to guide conduct of property practitioners.
- Property purchases
- Terminology
Conveyancing & property transfer discussion forum
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