Fantastic news for first time property buyers FLISP subsidy policy revised – no need for a home loan anymore to obtain a government subsidy

[Cape Town, 12 March] National Minister of Human Settlements, Mmamoloko Kubayi announced that the Finance Linked Individual Subsidy (FLISP) has been delinked and is no longer just a mortgage only option. Furthermore, partnerships were established with external role-players such as financial institutions, conveyancing attorneys and property developers, granting them access to the Housing Subsidy System […]

No late FLISP Subsidy applications approved for first time buyers – Industry stakeholders face a possible class action for millions of Rands in damages

If you are a first-time homeowner who earns up to R22 000.00 per month, and took transfer of your new home and then only applied for a first-time homeowner [FLISP] subsidy, it is most likely that your subsidy application will be denied. This is applicable to all first-time buyers, unless you live in the Western Cape […]