Good news for Home Owners in the Western Cape

04 Feb
It is hard to believe with all the pressure on home owners that there is still a ray of sunshine somewhere and it comes in the form of a government Flisp subsidy for first time home buyers and current new home owners.
We just received good news from DOH in the Western Cape – they asked us to submit as many as possible Flisp applications by the end of March as they have un-allocated funds available for existing home owners & buyers with approved home loans. They will also relax their income requirement by applying the income of the applicant at the time of bond approval and not the income as on date of the Flisp application. This initiative can be a huge boost for new home owners – considering the interest rate hikes over the past 12 months. Existing qualifying home owners who took transfer from February 2015 – to date may apply. The qualifying criteria are:

  • Current home owner who took transfer as from February 2015 – up to date, or whose home loans have already been approved but not yet taken transfer
  • Earn between R3501 – R15 000 at the time of the home loan approval – gross combined household income
  • Approved home loan – from one of the 4 x big banks and SA Home Loans
  • Must:
    • be a first time home owner
    • have dependents – if single
  • South African citizen or holder of a valid permit

To apply and register through our website

For more information on Flisp subsidies – from a previous media release.

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Posted by on 04/02/2016 in Content


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