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FLISP SUPPORT 

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LexisNexis has partnered with the FLISP Support Team to help first-time buyers find out if they qualify for a Government FLISP subsidy.

The FLISP Support Team will process each application referred to us.If one of your clients meets the qualification criteria for a FLISP subsidy, you can register their details here for this FLISP assistance service.text and edit me. It's easy.

 

WHAT IS FLISP?

A buyer can qualify for a FLISP subsidy if they are a South African Citizen, first-time home buyer, with an approved home loan,
and has at least one financial dependent - such as a spouse or a child. 
They should also not earn more than R22 000 per month [gross combined household income].

TRANSFER ALREADY REGISTERED?

If your client has already taken transfer of the property and registered his/her home loan, the FLISP application must be submitted, 
to the Department of Human Settlements or NHFC within the following time frames:

• Western Cape within 24 months

• KZN - any time after 2012

• Eastern Cape - no applications allowed after date of transfer

• All other provinces - within 3 months from date of transfer

 

COST?

The FLISP assistance service costs R1 500, payable by your client to the FLISP Team. This fee is non-refundable should the subsidy not be approved.

Please note:

This form is to be completed by the Attorney firm handling all conveyancing for the purchase of the property in question.

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