Financial: You need to have taken out home loan…

Financial: You need to have taken out home loan (labeled as a mortgage) to help you be eligible for FLISP

The fresh Financing Connected Personal Subsidy Programme (FLISP) is actually revised when you look at the 2012 and soon after updated inside 2018. It plan are a south African government step getting house for the this new gap’ sector-individuals who are too rich so you can qualify for the fresh RDP subsidy however, also poor to without difficulty manage an alternate home. FLISP is meant to help such properties to view homes, giving good subsidy that can be used to invest the brand new deposit with the property or even to reduce steadily the sized the mortgage.

Up to now, CAHF keeps penned around three posts to the FLISP: wanting to know if FLISP was effective, trying know the way it would really works and remembering their expansion on the selling business. Such stuff, additionally the a couple of records for the our very own web site (new FLISP coverage regarding 2012, and subsidy well worth tables off 2018), received an unbelievable reaction-countless somebody expected questions from remark section of our site, and you may dozens named and you can emailed. That it response shows that there is a definite need for so much more facts about FLISP. This blog comes with the latest advice we have, and will we hope provide the responses a large number of want:

Do We Be considered?

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Income: Your children must earn more than just R3 five hundred however, below R22 000 thirty day period. It’s your household’s income (both you and your partner’s earnings, or people relative your get home financing having). They identifies your terrible salaryextent you receive before taking aside fees or write-offs.

FLISP: Reacting Your questions

Dependents: You really must be coping with someone (possibly partnered otherwise habitually cohabiting) or coping with monetary dependents. Monetary dependents are: people, grandkids, mothers, grand-parents, siblings or brothers lower than 18, and unwell expanded loved ones. Read more “Financial: You need to have taken out home loan (labeled as a mortgage) to help you be eligible for FLISP” →