FLISP, how can it help you?
The Finance Linked Individual Subsidy Programme (FLISP) is an initiative of the South African Governent to assit households in the 'gap' market.
There is a growing sector of households within South Africa which are too rich to qualify for the RDP subsidy program, but at the same time not in a high enough bracket to qualify for a bond, known as the GAP market.
The FLISP initiative asssits households with a monthly income of between R3500 and R22000 with a lump sum. This sum is used as a deposit on a new property with the aim to lower the monthly repayment on a bond. This will result in more families owning property there by stablising a brighter future for them and their families.
Vertical Spaces Properties works with Bond Originators (CapCubed) and a dedicated FLISP specialist to determine how much you qualify for and to streamline the process of owning your first home.
To find out if you qualify for a FLISP grant, call or email us today.
04 Dec 2020
Author Andrew Giles