Article bottom line
- FLISP try an authorities programme you to provides a great subsidy so you can basic-big date homebuyers getting between R3,501 and R22,100 1 month.
- However, the fresh new homebuyer need certainly to basic be eligible for a mortgage and may either be partnered, cohabiting or solitary that have one dependent.
- Millennials and Gen Z would be to seize that it opportunity to move out of the lease trap.
Having very first-go out homeowners, and especially millennials who worry getting cme FLISP (Loans Linked Personal Subsidy Plan) renders getting a property a sensible prospect to have low-income earners. For people who secure anywhere between R3,501 and you can R22,100 30 days, your 3 month payday loans Nashville no credit check stand-to make use of which plan.
More about FLISP, and how it works because the an initial-go out homebuyer give
FLISP is a government subsidy, designed to let medium so you’re able to reduced-money earners. It in the first place merely delivered to people that received less than R15,100 1 month, but because the you to definitely count could have been elevated in order to R22,100000. In this chronilogical age of ascending home cost and value out-of life style, this is exactly a life threatening benefit to have first-date homebuyers. Czytaj dalej „First-time home buyers grant getting Southern Africans”