Frequently Asked Questions

Employer

What commitment do I need to make?
  • The only commitment required by employers is to allow Integrity Housing to deduct employees’ contributions from payroll.
  • Employers have the option to contribute funds towards the deposit on their employees’ property. Some employers contribute in-kind by making the land available. Integrity Housing can assist with the selection of appropriate employees to benefit from this contribution if required.
What are the benefits?

Integrity charges employers a monthly platform fee based on the number of employees, and it charges medical providers for processing the financial transactions that are required to secure the payment of their fees by employees and/or employers.

Investor/Lender

How is the risk of my investment/lending managed?
  • Integrity Housing manages risk on behalf as follows:
    • Ensures the appreciation of the value of the property by:
      • Ensuring the HOA is well managed and common property areas are well maintained 
      • Ensuring HOA payments are made via payroll deduction
      • Ensure risk items are insured
    • Ensures rental and/or loan repayments are made via payroll deduction
    • Provides employees with an automatic buy-back option in the event of:
      • Retrenchment
      • Arrears of 90 days
    • Integrity Housing has a first option to repurchase properties
  • The investor is listed on the title deed of the property
  • The investor/lender is co-invested with the owner/tenant
What financial return will I receive?
  • Integrity Housing will ensure you are paid a pro-rata market related rental for the portion of your investment. 
  • Lenders will receive a market related interest rate and repayment.

Employee

How does the Integrity funding model benefit me?
  • It allows you to access the maximum subsidy you are eligible for from government.
  • It gives your employer the option to contribute in a sustainable way. 
  • It provides a platform for people who have money to lend/borrow to assist you to purchase your own home.
  • It ensures the appreciation of the value of the property by:
    • Ensuring the HOA is well managed and that common property areas are well maintained. 
    • Ensures that high-cost risk items like geysers are insured.
  • Ensures rental and/or loan repayments are made via payroll deduction.
  • Provides you with an automatic buy-back option in the event of:
    • Retrenchment
    • Arrears of 90 days
What happens if I change jobs?
  • You will either need:
    • Your new employer to allow Integrity Housing to transfer the payroll/HOA deduction facility to them.
    • You will need to refinance your loan.
  • If you can’t do the above:
    • Integrity Housing will have the first option to buy back your property and pay you out your capital portion including the FLISP portion due to you.
What happens if I want to sell my property?
  • Integrity Housing will have the first option to buy back your property and pay you out your capital contribution including the FLISP portion due to you.
  • Contributions made by the employer will be handled in line with each employers’ policy.