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