Applying for voluntary removal from the register

You can apply for voluntary removal if you've stopped providing factoring services.

When to apply for voluntary removal

You should apply when you have:

retired or closed your business
sold your factoring portfolio or transferred operations to another registered property factor
merged or restructured your business and no longer provide factoring services
changed your business model and no longer operate as a factor

You should not apply for voluntary removal when:

you're still carrying out any property factor work, even at a reduced scale
a fit and proper test is still being assessed
you have ongoing or unresolved tribunal cases
you have outstanding requirements from a Property Factor Enforcement Order
your business has already legally ceased to exist – in this case the Scottish Government may remove you separately
your business has been purchased but continues to operate as the same legal entity – you need to tell the register team about a change of circumstances by emailing propertyfactorregister@gov.scot

Email propertyfactorregister@gov.scot to get an application form.

To complete the application form, you need to give:

the reason you're applying for removal
the date you stopped or will stop providing factoring services
a list of properties you managed at the point you stopped providing factoring services
details of how homeowners were notified
information about any transition arrangements
details of any new factor appointed
information about any ongoing or recent tribunal cases
a signed declaration confirming that the information provided is accurate

The register team will review your application. If it is approved:

you'll be removed from the Property Factor Register
your entry on the public register will show the date your registration ended
you must not carry out property factor work after the removal date, unless you submit a new application and it is approved

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