If you’re unhappy with your current property factor, you’re not alone. Many landlords and tenants in Scotland seek to change their factor due to poor service, lack of communication, or rising costs. Thankfully, the process of switching is more straightforward than you might think.
Step 1: Review Your Deed of Conditions
Your property’s Deed of Conditions will outline the process for appointing or removing a factor. This legal document is key, as it may require a majority agreement from homeowners in the building.
Step 2: Speak with Other Owners
Factor changes often require consensus from other property owners. Begin by discussing concerns and gauging interest in switching to a new factor.
Step 3: Serve Written Notice to the Current Factor
In most cases, you’ll need to give formal written notice to your existing factor. Check your Deed of Conditions for the required notice period (typically 28 days or more).
Step 4: Choose a New Factor
Do your research and look for a reputable, registered factor that offers the services you need. Homesbook Factoring provides transparent pricing, clear communication, and tailored service packages. Learn more about what we offer here.
Step 5: Formalise the Change
Once you’ve reached an agreement among owners, provide written confirmation to the new factor. They can help you coordinate a smooth handover and notify relevant service providers.
Why Switch to Homesbook Factoring?
- Fully registered and compliant
- Clear, fair pricing
- Fast response times and reliable maintenance
- Friendly, local service in Glasgow and across Scotland
Switching factors can improve the condition of your building, reduce costs, and make life easier for everyone involved. If you’re ready to make the move, contact us today and we’ll guide you through it.
