What are Factor Fees?

Factor Fees are monthly service charges paid by flat owners in Scotland to a management company (the Factor). They cover building insurance, cleaning, and general maintenance. In Glasgow, this typically costs £100-£150 per month.

Do I need to pay for roof repairs?

Yes. In a tenement, all owners are jointly liable for the roof and fabric of the building (Tenements Act 2004). If the roof needs replacing, the cost is split between all flats, often leading to bills of £20,000+ per owner.

How much over Home Report value should I bid?

It depends on the area. In the West End (Hillhead), premiums of 10-15% over Home Report are common. In the Southside (Shawlands), it's around 5-10%. Remember, this premium must be paid in cash.

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🏴󠁧󠁢󠁳󠁣󠁴󠁿 Glasgow 2025 Market Edition

Glasgow: Cheap Tenements or Roof Repair Ruin?

Prices are affordable (£190k), but old buildings hide massive bills. We break down the "Factor Fees" and roof risks.

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