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Author: Hammond Pole

Hammond Pole Attorneys > Articles posted by Hammond Pole (Page 6)
22 March
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Finance Linked Individual Subsidy Programme (FLISP) – What you need to know.

Posted by Hammond Pole
in Hammond Pole Blog, Property Law

The Finance Linked Individual Subsidy Programme (FLISP) was developed by the Department of Human Settlements to enable affordable home ownership opportunities for South Africans. What are the requirements to apply for a FLISP subsidy? 1. You must be a South African citizen with a valid ID; or permanent residents with a valid permit. 2. Applicants must be over 18 years of age and competent to enter a legal contract. 3. FLISP is open to individuals who have never benefited from a Government Housing Subsidy Scheme before. 4. Applicants must have an ‘Approval in Principle’ of a home loan from an accredited South African financial institution. 5....

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13 March
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Safeguarding your joint property purchase: A how-to guide for buyers

Posted by Hammond Pole
in Hammond Pole Blog

In today’s current economic climate, it can be advantageous for both young entrants into the property market, as well as more elderly house buyers to consider pooling resources to buy a property together. Buying a home is one of the biggest purchases you will ever make and so to ensure that your purchase, and your relationship, stand the test of time, it is advisable to draw up a legally binding contract between all parties. The agreement should set out the nature of the partnership and who is responsible for things like improvements, maintenance, and even Ts & Cs around its...

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