The 47-year-old one-time UDA hitman was killed in a barbaric attack on Wednesday.
Another man is in a critical condition after the incident at Kirkistown Walk in the Belvoir housing estate. Police believe a sword was used.
Albert Armstrong, 46, has been charged with murder.
He has also been charged with attempted murder and is due to appear at Ards Magistrates Court later.
It is not believed there was any paramilitary link to Mr Lindsay’s killing.
Mr Armstrong was arrested after police received a call from a concerned member of the public just before 8 pm.
Victim Stanley Wightman, was taken to the Royal Victoria Hospital where he underwent surgery.
The 52-year-old has “significant injuries” to his neck and arm, police have said.