Property Factoring - What we do!

To ensure that its investment is protected the Association will act as common factor for properties in common ownership where the Association is the majority owner and will consider offering factoring services in properties where the Association has a minority ownership or in new developments where we are named as such in the Deed of Conditions.

The Association’s operation of the factoring services reflects the Property Factors (Scotland) Act 2011 and the Code of Conduct of the Act. The Association is a Registered Property Factor – Registration No PF000155.

  • As factor Fyne Homes provides a service covering:
  • Property Insurance
  • Common Repairs
  • Cyclical Maintenance/Planned Maintenance Works
  • Services
  • Management
  • Administration

Fyne Homes will offer a factoring service to the following clients:

  • Owners living in tenemental properties where the Association owns property
  • Owners living in a project where the Association has a major investment and satisfactory Deeds of Conditions are in place
  • Shared owners in Shared Ownership or Shared Equity properties

Property Factoring Charges

The Association will charge an annual management fee, currently £150.86 per property for carrying out its function of providing the core services including those services listed within this clause.  This charge will be split between your half yearly factoring accounts, at a rate of £75.43 per account. This fee, which is charged at a flat rate rather than a proportion, will be reviewed on an annual basis and may be increased based on the retail price index in September each year.  You will be advised of any increase no later than 28th February with the increase taking effect from 1st April.

The current Retail Price Index is 3.9%.

As of 1st April, 2027 our annual factoring management fee will, therefore, increase to £156.74.

As at present, it will be billed in two payments, each being £78.37 which will be included in the half year factoring accounts to be issued for the periods ending 30th September, 2027 and 31st March 2028. 

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