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Property Lawyer

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

• 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.

The documents required to apply for the FLISP subsidy are:

• 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

• 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

Email lawyer@capetownlawyer.co.za to see what you may qualify for.

What the Subsidy may be used for

• 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.

Bond pre-approval for FLISP

Very few people buy properties without taking out a home loan. Being pre-approved for a home loan gives you more credibility as a property buyer, allows you to target buying homes which are in your price range, and allows you to tick one of the boxes to qualify for the FLISP housing subsidy. The pre-approval quote usually includes the bond amount, the instalment amount, the interest rate at which it was calculated, and the validity period. Options for getting pre-approved for home loan finance are to apply at banks, or to request a bond originator to apply at multiple banks on your behalf. Getting a pre-approved bond is a completely free service.

Bond originators

• Ooba Home Loans
  • Eighth Floor of Ooba House, 33 Bree St (corner with Riebeeck Street, says "ooba" on the building), Cape Town city centre
  • Phone +27-860006622
• Betterbond
  • Phone +27-800007111

Banks

• Absa Personal loans
  • Phone +27-860111007
  • Email propertyhub@absa.co.za
• First National Bank
• Investec
• Ithala
• Nedbank
  • Phone +27-800555111
• RMB
• SA Home Loans
• Sentinel Homes
• Standard Bank

Information typically required for pre-approval of a home loan includes:

• Your South African identification document.
• Your last 3 months of bank statements.
• The latest payslip from your employer.
• Details of any debts or other liabilities.
• Consent to carry out a credit check on you.

It's important to be aware that being pre-approved does not guarantee that you will receive a home loan, although it does increase the probability.

FLISP contact details

• The contact number for the Department of Housing is +27-800146873
• The contact number at the Western Cape Government is +27-21-4836488 (or email Human.Settlements@westerncape.gov.za)

We assist clients who are registered on the government database, have not yet been allocated housing, and who have of their own accord found a house they wish to purchase. To be placed on the City of Cape Town or Western Cape Government’s data base for housing opportunities you would need to contact them directly.

Individual Housing Subsidy

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.
• Conveyancing lawyers in Cape Town.
  • Checklist to help you identify the best conveyancer near you.
  • Bellville conveyancing attorneys
  • Blouberg conveyancing attorneys
  • Milnerton conveyancing attorneys
  • Pinelands conveyancing attorneys
  • Tableview conveyancing attorneys
• Transfer costs calculator for property anywhere in South Africa.
  • Can I negotiate transfer costs?
  • Transfer attorney fees
    • Fixed fee conveyancing in South Africa. Possible?
    • Understanding the various conveyancing costs.
    • Conveyancing quote
    • New conveyancing fees from 27 May 2024
  • Deeds office fees 29 Feb 2024.
  • Law Society conveyancing fees 2023
  • Law Society conveyancing fees 2024
  • Conveyancing fees 2025
  • Conveyancing fees 2026
  • Bond attorney fees
  • Transfer Duty calculator
  • Deceased estate property transfer costs
• Deeds Registeries Act.
• Servitudes
  • Usufruct Agreement on Property in South African law.
    • Usufruct value calculator (only one in South Africa)
• Land conveyancing
• Transfer attorney vs bond attorney.
• Commercial Property:
  • Transferring property as a going concern.
  • Commercial Property conveyancing quote
• Marriage/Divorce-related:
  • How to transfer property from husband to wife (or vice versa); whilst still married (ie not getting divorced).
    • Donation of property agreement not followed through.
    • When property is erroneously in your spouse's name.
  • "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
  • Use conveyancer to guide your private property sale.
  • 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
  • Scams property purchasers should watch out for.
  • Home loan repayments calculator, with an estimate of the adjustment to prime to reflect the borrower's credit risk profile.
• Terminology
  • Arranging lodgement
  • Compliance certificates
  • Conveyancer's certificate
  • Deed of Sale
  • Deeds officer examiner
  • Existing bonds
  • FICA documents
  • Levy clearance certificate
  • Offer to purchase
  • Property sale agreement
  • Property search
  • Rates clearance certificate
  • Statement of account
  • Suspensive condition
  • Title deed
  • Transfer documents

Conveyancing & property transfer discussion forum

Note that this is a public forum - exercise caution before acting on info and use at own risk. Anybody may ask and answer, and you don't know what their level of expertise is. No information on this website should be acted on without first consulting with a lawyer to test its validity. Do not share private details here.