What is factoring?
Factoring can be where:
- the shared parts of two or more residential properties are managed and maintained for you by your local authority,
a registered social landlord
or a private business.
- common land owned by two or more people is managed or maintained by a land private business.
A factor can provide services to inspect and maintain common parts. This includes
liaising with owners, organising necessary works and the administration of bills and payments.
If you are affected by factoring
The Property Factors (Scotland) Act 2011 applies to homeowners who get property management and maintenance services from
a local authority, a registered social landlord or a private business.
Falkirk Council factoring
You are affected by factoring if you own an ex-Falkirk Council property within any
of the following high rise blocks:
- Belmont Tower
- Breton Court
- Corentin Court
- Eastburn Tower
- Leishman Tower
- Marshall Tower
- Maxwell Tower
- Parkfoot Court
- Paterson Tower
- Symon Tower
Statement of Services were sent to all homeowners who receive factoring service from us in September 2013. In March 2015, an updated Statement of Services was issued to all factored owners. Updated copies have been issued since then detailing contact information and fees changes. The current Written Statement of Services can be accessed below:
- Specimen Written Statement of Service (2019-20)
If you have recently bought a property in one of the listed
blocks and do not have a Statement of Services, please contact us.
(Falkirk Council's property factor registered number: PF000365)
Non Falkirk Council factoring
Homeowners receiving any other factoring services should contact their factor directly or search the Scottish property Factor Register.
If you own an ex-Falkirk Council property in any other block, communal repairs can
be arranged by any co-owner. This is not covered by factoring, for further information see common repairs.
The above is intended as a guide only and is not to be treated as a substitute
for legal advice.
- Debt recovery policy
If you wish to make a complaint, please use our complaints form.
For information or advice please contact your local Advice and Support Hub.