We Make Switching Factor An Easy Process

Thanks to legislation in Scotland, changing your factor provider is very easy to do. Just follow these steps:

  1. Your title deeds may contain rules on how to appoint and replace your factor and we can check this for you. Invariably you can instruct a change by reaching a majority decision.

    If your title deeds do not make provision for replacing your factor (for example because the factoring arrangements are not mentioned) don't worry. Section 4 of the Tenements (Scotland) Act 2004 allows you to make decisions about your property.
  1. The simplest way to change your factor is to call a meeting of homeowners, or perhaps discuss via an email group.
  2. If you decide that you wish to change factor, put together a simple letter along the following lines:
    'We, the owners of the property known as X, met on Y date and resolved to terminate your appointment as a property factor in terms of our title deeds. This decision is effective forthwith. (signed)'.
    For the avoidance of doubt, it would be very useful to list all of the individual addresses within the building or development. We can supply you with a letter template, and we can even attend your residents meeting to help you understand the legislation and how it protects homeowners in Scotland.
  3. Make sure that at least half of owners sign it; make a copy and send the original to your factor by recorded delivery post.
  4. They are legally obliged to send you a final statement of account for your review.

Remember: either your title deeds or the 2004 Act will give you the legal right to terminate your factor's appointment. The property belongs to you, and the decision on who you pay to manage your property is also yours. Of course, we are on hand to advise.

Ready to Chat?

0141 776 4494

Glasgow

0131 378 9676

Edinburgh

info@homesbook.co.uk

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Top-Rated Property Factors in Glasgow & Edinburgh

Genuine feedback from our customers help us in our goal to be the best factors in Scotland.

Excellent
Homesbook Factoring Ltd4.6
Based on 86 reviews
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Cameron M.
1 year ago
Massive thanks to Craig and the Homesbook team for there help with my property.
Not only was the issue dealt with quickly and professionally but at great value.

I look forward to dealing with you again
Dean
2 years ago
Had a fantastic experience from start to finish at Homesbook and a big shout out the the amazing staff who were there to help with everything.
John M.
2 years ago
A genuine and conscientious factor who genuinely cares about the properties they look after....and also does a lot of work with local communities.......
Ian E.
2 years ago
Sponsors of my club home strip and Craig has been a great backing for the club. Great guy and helps many of communities and his company.
Peter W.
2 years ago
Craig & Team do a great job on an extremely difficult development in Springburn where I own 2 let properties , Rubbish , and furniture is dumped on a daily basis , we now get twice monthly uplift , the place would be a total mess if this wasn’t arranged.
Kirsty M.
2 years ago
Was really good quite quick to. They arrived at about 10 ish the morning fixed whole in my floor and replaced the lino with flooring. And was finished for 3pm. Very friendly and polite. Will return to do the trim but over all really impressed with the outcome.
L H.
2 years ago
Brilliant company who also do great work getting involved in the local community and sponsor a number of great clubs in the area
Nicola M.
3 years ago
I have just had work carried out in my bathroom. I was flooded and my bathroom needed completely ripped out and refitted. I cannot express how pleased I am with the professionalism of Paul & Ryan from start to finish and how happy I am with the outcome of the work carried out. It is like a dream bathroom, these pics are taken just before it was fully completed but I couldn't wait to review them as I am so pleased with it! Love it!!
june D.
3 years ago
First class company who mean what they say.They are committed to regenerating every development they take on and rise to the challenge 100%.Great bunch of people who treat you as friends.A pleasure to deal with.
James B.
4 years ago
Homesbook Factoring operates like a well oiled machine. They maintain resources that work together to address business problems and interact with customers. I've found their services to be quite helpful and at a reasonable operating price. I would strongly recommend that property owners utilize HBF for property management.

Switch Your Factor to Homesbook

Thanks to Scottish legislation, switching property factors is easy. We help with everything needed and can take you through each step. Start the conversation today and we'll be in touch to show how we can improve your property and environment with expert services and full transparency.