For many South Africans, owning a home feels out of reach. The Finance Linked Individual Subsidy Programme (“FLISP”) was designed to change that, making property ownership possible for low to middle-income households.

What is FLISP?

FLISP provides a government subsidy to first-time homebuyers who earn between R3,501 and R22,000 per month. The subsidy can be used to:

• Pay a deposit.
• Reduce bond repayments.
• Cover some transfer and registration costs.

Who Qualifies?

To qualify, you must:

• Be a South African citizen or permanent resident.
• Be over 18 and legally competent to contract.
• Not have previously benefited from government housing assistance.
• Be a first-time homebuyer.

What Buyers Don’t Always Know

• FLISP applications must be lodged as part of the property purchase process, not afterwards.
• The subsidy is paid directly into the bond account or towards transfer costs, not in cash to the buyer.
• Attorneys often assist with ensuring the subsidy is correctly applied, avoiding delays in registration.

Why FLISP Matters

FLISP can reduce financial pressure significantly, turning homeownership into a reality for families who would otherwise remain renters.

Final Word

FLISP is a game-changer for first-time buyers, but it requires professional guidance to apply correctly.

Let NS Xulu Attorneys guide you through the FLISP process and make your dream of homeownership a reality.