If you ENJOYED this video could you do me a FAVOUR and SUBSCRIBE to the channel. It REALLY helps this channel tremendously. Thank you so much for subscribing!!! 🙏🙏🙏
Hi thank you this was a very informative information. Should the stockvel be registered to fund me or a regular stockvel we have in our community will I qualify?
Hi, thank you so much for stopping and I am glad you found this video informative. I don't think registration matters. If your Stokvel can give you enough money to buy a house then FLISP can come in handy for you. The aim is to help people buy properties and the government wants individuals to do their part first, which is putting their own money first then government backs you up!
@elizabethbaloyi7179 Hey Elizabeth, thank you so much for joining the property family. Yes, it's long as you meet all the requirements. Are you in the process of buying?
@@PropertyChatWithKG yeah in the near future, I like to start the process next year. I would like the apartment to be for student rentals. Currently I'm gathering information. Thank God we people like who covers topics like property investment.
@elizabethbaloyi7179 That's a great start. I wish you all the best. If you have any questions, let me know. Also, check out the new financial aid new rules regarding student accommodation. It's exciting 👌🏾
Hi there, firstly thank you for your informative channel my question is if you find a vacant land that cost less than what you qualify for, Does it support buying a vacant land? do i still need to go to the bank for home loan if Flisp covers the vacant land price that im interested in??
Hi Jaco, thank you so muchbfor stopping by and the feedback. That's an interesting question and I don't have an answer for you. Let me find out and I will come back to you in a few days. 🙏🏽🙏🏽🙏🏽
@JAKO.EST94 Once you have been approved for the subsidy, it can be used to purchase a new, existing, or old residential property or a vacant, serviced residential plot that is linked to a NHBRC builder contract.
Thank you so much for this video. Question if i have an informal/ unregistered business eg ubber that brings in aroun 7k a month do i wualifi and how do i go about ?
Hey Nomaphelo, it does not matter at all. They are looking at 2 things; is it your first property and are you able to finance it either by bond, cash, personal loan, Stokvel, or other means, If you can, they will definitely consider you!
@etvscandalfanpage2011 Thank you so much for stopping by. You should have a good credit score (680 up) because flisp can give you up to 170k, and additional will be a loan from the bank. Banks look at your credit score 🙏🏽
@nokuvelaputini8408 Thank you so much for stopping by and the feedback. Please join the community by subscribing. This is the grant from the government, and you don't pay it back. Dependents include your children, sisters or brothers or cousins children, your parents, and anyone you are financially taken care of. So you need dependants to qualify. Similar to people applying for RDP houses.
@fundiegee6992 create bank accounts for them and send them money every month. Or keep receipts of groceries, rent, rates, taxes, etc, you buy or pay for them monthly.
I friend . Thank you for the video . I was doing my online pre approval and made an error and forgot to put in my dependents and submitted . Can I re do my pre approval ? Each time I go on it says submitted.
You are only disqualified if you are earning more than required or is not your first house or business house, or have benefited from the government housing scheme before. If you still have any more questions or need to explain your situation in detail send me an email and we will take it from there!
Does overtime, night shifts and Sundays disqualify you if your gross is normally less than R22k without the night shifts and Sundays than when night shifts are included it’s more than R22k?
@fundiegee6992 I think they are looking at your income per month regardless of your overtime since it is not consistent at times! But I will verify for you and let you know.
If you ENJOYED this video could you do me a FAVOUR and SUBSCRIBE to the channel. It REALLY helps this channel tremendously. Thank you so much for subscribing!!! 🙏🙏🙏
i just learned a lot in a short time keep if up my guy☕📚🤗😊
@bonganintuli7165 I'm glad you found the video educational 🙏🏽🙏🏽🙏🏽
Hi thank you this was a very informative information. Should the stockvel be registered to fund me or a regular stockvel we have in our community will I qualify?
Hi, thank you so much for stopping and I am glad you found this video informative. I don't think registration matters. If your Stokvel can give you enough money to buy a house then FLISP can come in handy for you. The aim is to help people buy properties and the government wants individuals to do their part first, which is putting their own money first then government backs you up!
Hey Kg, you gained a subscriber. This video is very informative and it helped a lot.
So can you qualify if you want to buy an apartment?
@elizabethbaloyi7179 Hey Elizabeth, thank you so much for joining the property family. Yes, it's long as you meet all the requirements. Are you in the process of buying?
@@PropertyChatWithKG yeah in the near future, I like to start the process next year. I would like the apartment to be for student rentals. Currently I'm gathering information. Thank God we people like who covers topics like property investment.
@elizabethbaloyi7179 That's a great start. I wish you all the best. If you have any questions, let me know. Also, check out the new financial aid new rules regarding student accommodation. It's exciting 👌🏾
@@PropertyChatWithKG I will definitely do. Do you perhaps offer mentorship?
Hi there, firstly thank you for your informative channel my question is if you find a vacant land that cost less than what you qualify for, Does it support buying a vacant land? do i still need to go to the bank for home loan if Flisp covers the vacant land price that im interested in??
Hi Jaco, thank you so muchbfor stopping by and the feedback.
That's an interesting question and I don't have an answer for you. Let me find out and I will come back to you in a few days. 🙏🏽🙏🏽🙏🏽
@@ambitiousteacherI like the honesty chief...I'll be looking forward for the answer but if i do get it before you ill post to help others too..
@JAKO.EST94 Once you have been approved for the subsidy, it can be used to purchase a new, existing, or old residential property or a vacant, serviced residential plot that is linked to a NHBRC builder contract.
@@PropertyChatWithKG if you have purchased the vacant land, can I apply for flips to assist with building?
@Backroom_living yes you can 👌🏾 but the builder needs to be NHBRC registered
After you receive the confirmation that you have been approved, how long does Flisp take to pay?
They said the process takes about 7 days! Or you can check with Flips in your province.
Thank you so much for this video. Question if i have an informal/ unregistered business eg ubber that brings in aroun 7k a month do i wualifi and how do i go about ?
Awesome, thanks for stopping by. I think so, I think there is a way! Do you have a bank account that reflects the 7k incoming?
Yes but i started last mont.
@@Skhamnini Awesome, do that for 6 months, and let us talk again in January!
@@PropertyChatWithKG OK Thank you.
Sorry one more Qn will a thin credit score sffect my application?
Hey, does it matter if you are working for government but on contract like internship or trainee?
Hey Nomaphelo, it does not matter at all. They are looking at 2 things; is it your first property and are you able to finance it either by bond, cash, personal loan, Stokvel, or other means, If you can, they will definitely consider you!
Can I ask how high should be your credit score in oro qualify for Flisps?
@etvscandalfanpage2011 Thank you so much for stopping by. You should have a good credit score (680 up) because flisp can give you up to 170k, and additional will be a loan from the bank. Banks look at your credit score 🙏🏽
Hi, thank you for the video.
If I am single with no dependant will I qualify ? Also do we have to repay this amount at some point ?
@nokuvelaputini8408 Thank you so much for stopping by and the feedback. Please join the community by subscribing.
This is the grant from the government, and you don't pay it back.
Dependents include your children, sisters or brothers or cousins children, your parents, and anyone you are financially taken care of.
So you need dependants to qualify. Similar to people applying for RDP houses.
If you don’t have children and you’re not married, how do you prove that your mom or dad is your dependent?
@fundiegee6992 create bank accounts for them and send them money every month. Or keep receipts of groceries, rent, rates, taxes, etc, you buy or pay for them monthly.
I friend . Thank you for the video . I was doing my online pre approval and made an error and forgot to put in my dependents and submitted . Can I re do my pre approval ? Each time I go on it says submitted.
Hello Friend, thank you so much for stopping by. You can redo your pre-approval!!!
Can i apply for flisp if i want to build my own house as a first time owner
@relebogilemangenamangena5097 Yes, you can, but the house should be linked to an NHBRC builder contract.
@@PropertyChatWithKGwhat does that mean in simple English lol
@Backroom_living sorry 🙏🏽 but it means the builder needs to be registered with NHBRC. So the house meets all the building standards
What if it's a parent dependant on me
@megochetty9283 Yes, that works, too.
What if you have worked for the government before and had a persal number?
You are only disqualified if you are earning more than required or is not your first house or business house, or have benefited from the government housing scheme before. If you still have any more questions or need to explain your situation in detail send me an email and we will take it from there!
Does overtime, night shifts and Sundays disqualify you if your gross is normally less than R22k without the night shifts and Sundays than when night shifts are included it’s more than R22k?
@fundiegee6992 I think they are looking at your income per month regardless of your overtime since it is not consistent at times! But I will verify for you and let you know.
Does blacklisted qualified
@nasiwenomtshongwana4340 As long as you have money to buy your first house, you do qualify 🙏🏽
I thank you a lot bafo
You are welcome bafo. Let me know if you have any questions!