How to Start Self-Factoring — Free 8-Step Guide
Ownly's free 8-step guide helps UK homeowners start self-managing their building after removing a property factor. Covers legal structure, constitution, bank account, maintenance charges, contractors, insurance and AGMs.
The 8 Steps
- Choose your legal governance structure (Association, Trust, or informal group)
- Draft and adopt a constitution
- Open a dedicated bank account
- Set your maintenance charges and sinking fund
- Identify and appoint trades contractors
- Set up a maintenance schedule and inspection process
- Sort buildings insurance and public liability cover
- Hold your first Annual General Meeting