to not pay factor fees??

[MalkieFraser]

I inherited this property after my Mum died last April, ownership was officially passed to me in September. The house was paid outright through insurance around this time.

I received an invoice from the factoring company for £200 (which I don't have and have no way of getting!) stating that it is compulsory I pay it within 30 days and continue to pay yearly. It is a post dated invoice up to 2012.

I owned my last property and had no factor or fees to pay and that was a flat.
This is an end terraced property....

I don't even know what factoring is but bumping for you till someone more knowledgable comes along

Obviously you're not in the UK, 'cos we don't have factoring fees here. What are they?

I know what factoring is but I don't understand this post at all!

you get factor fees in Scotland. They're fees to whoever manages the property.

Quick google says they're scottish Ladythumb

There seem to be lots of threads on www.moneysavingexpert.com about it.

If you are the owner and the factor fee is part of the title obligations you will have to pay it,why would you not? If you don't they will sue you

Yes, I'm in Scotland :) Didn't realise it wasn't a well known thing, guess that's why Google was unhelpful....

Thanks Puffin, I'll have a wee look here. Rangirl didn't know if they were compulsory or not, having never paid them in over a decade of home ownership.

A you might legally have to pay the factoring fee.

B They might be a bunch of chancers. Are you 100% sure your mum's property has to pay factoring fees.

I hate factoring fees and I would never buy a house/flat that has to pay them ever again. The costs seem to be completely unpredictable.

Check your deeds, factor fees should be stated there. If they are, you need to pay them I'm afraid.

Sounds like the Ground Rent many properties have in England unless you have bought the feehold. If so then yes you will have to pay.

That should be "freehold"