Residential Property Factoring
Residential property factoring helps homeowners maintain and manage communal and amenity areas within shared residential buildings and land. From arranging common repairs and building maintenance to coordinating cleaning, insurance, major works, repairs and projects, property factors help protect your building’s long-term property value.
As registered factors (PF000493) with over 12 years of experience, Taylor & Martin offers residential property factoring services across Scotland. We support a range of property types, including traditional tenements and modern apartment blocks.
The services described on this page are part of Taylor & Martin’s wider residential property factoring service and are not offered as standalone services.
Contact us today for transparent and reliable advice on our property management services.
What you can expect
Our Factoring Services for Homeowners
Also known as block management, residential property factoring involves appointing a third-party manager, firm or housing association to manage common areas of multi-occupancy residential buildings.
Essential Property Management for Homeowners
Our residential property factors support homeowners across a range of property types. From maintaining shared areas to facilitating major repairs, our solutions protect your property and improve residents’ living conditions.
Shared Spaces & Facilities Management
We manage and maintain a wide range of shared spaces, including:
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Proactive management of communal areas such as hallways, gardens, parking areas, and security features.
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Ensuring high standards for cleaning, lighting, and repairs to protect property value.
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Managing access control, security systems, and communal heating or energy management.
Reliable Financial & Invoice Management
The management fee for property factoring covers costs such as administration, issuing invoices, annual building inspections, and arranging repairs and maintenance on behalf of homeowners.
Here is how we make straightforward financial management a priority:
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Transparent invoicing with clear breakdowns of costs.
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Quarterly invoicing to ensure an accurate representation of work undertaken.
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24/7 online access to statements, documents and payment history via our online portal, My Taylor & Martin.
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Easy payment methods, including direct debits.
Comprehensive Insurance Assistance
We support homeowners with expert guidance on insurance matters, including:
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Partnering with trusted brokers to facilitate suitable building and liability insurance.
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Assisting with claims handling from start to finish.
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No commission taken by Taylor & Martin.
Communication & Homeowner Engagement
Open communication is central to our factoring services for residential developments.
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Dedicated property managers for each development serve as a direct point of contact.
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Regular updates and meetings to keep homeowners informed.
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Easy access to account information and documents via the My Taylor & Martin online portal.
Emergency Repairs & Maintenance Coordination
Our residential property factors help coordinate emergency repairs affecting communal areas, including roofing issues, storm damage, lighting failures and access problems. We work with specialised contractors to help ensure we address any emergency issues quickly.
Who Uses Residential Property Factors?
Residential property factoring services are frequently used by homeowners who are part of:
- Traditional tenement buildings
- Apartment blocks
- New-build housing developments
- Retirement developments
- Mixed-ownership residential buildings
- Properties with communal gardens or shared facilities
Under many Title Deeds or Deeds of Conditions, it’s the owner’s responsibility to contribute towards the maintenance of communal areas. Taylor & Martin takes that responsibility off your hands by coordinating maintenance and costs on your behalf, so you don’t have to.
Switching factors for your residential building could help you save money and simplify administration.
Find out how with Taylor & Martin.
FAQs about Residential Factoring in Scotland
Our registered factoring team answers FAQs about residential factoring below.
What is a property factor for homeowners?
A property factor is a private business, local authority, council, housing association or registered social landlord appointed to manage and upkeep communal areas shared by more than one homeowner. Areas can include common gardens, stairways, hallways, lifts and shared grounds.
Why do I need a property factor?
Many properties have an obligation written into their Title Deeds requiring the use of a factor. This ensures shared buildings and amenity areas are properly maintained and don’t fall into disrepair, which helps protect property values.
Working with Taylor & Martin can save you time and money in the long run. Learn how in our blog post: Is it worth having a property factor?
What does a residential property factor actually do?
Residential property factors commonly manage the upkeep of communal areas on behalf of co-owners. Duties include:
- Cleaning shared spaces
- Care of landscaped areas
- Arranging building insurance
- Conducting annual inspections
- Organising maintenance and repairs
- Managing emergency repairs
Do I pay factoring fees?
Yes, homeowners typically pay:
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A management fee (billed monthly or biannually) covering administration, inspections and arranging repairs
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Common charges: Shared costs for repairs and maintenance are split among homeowners according to the Title Deeds
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Where applicable: Contributions to a sinking fund for anticipated future repairs of common property
Are property factors regulated by a code of conduct?
Yes. Under the Property Factors (Scotland) Act 2011, all property factors for homeowners must be registered on the Scottish Property Factor Register and comply with a Code of Conduct setting minimum standards for services.
Taylor & Martin operates in accordance with these professional standards to provide transparent communication and accountable property management services.
Contact Taylor & Martin for expert guidance in residential property factoring.
No hidden fees, just honest management. Email us at info@taylorandmartin.co.uk for more information.
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Get in touch
If you’d like to get in touch with a member of our Dundee property factoring team, please complete the form below and a member of our team will be in touch, or alternatively call us on 01382 604 366.