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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 make an appointment at lawyer@capetownlawyer.co.zaFLISP application requirements
To qualify for the FLISP housing subsidy you must:- √ Never have owned resdential 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 qualfy 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
- RR22,000 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 regstration 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, 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 +27-800146873Individual 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. flisp application online flisp subsidy application flisp housing application flisp online application 1. 2. apply for flisp apply for flisp online flisp application process flisp application 2022 flisp registration flisp nhfc co za flisp rent to buy finance linked individual subsidy programme flisp nhfc flisp north west flisp programme ooba flisp government flisp subsidy flisp co za flisp housing subsidy programme nhfc flisp subsidy www flisp co za flisp standard bank flisp subsidy contact details flisp contact flisp housing subsidy contact details flisp grant flisp housing project flisp property government flisp houses nedbank flisp flisp housing subsidy 2022 fnb flisp absa flisp finance linked individual subsidy finance linked individual subsidy programme flisp finance linked subsidy programme flisp bond flisp fnb flisp government flisp housing programme flisp housing subsidy 2021 flisp nedbank flisp process flisp programme 2022 flisp requirements 2022flisp subsidy 2021 flisp subsidy 2022
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