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HTR Efficiency Savings 11/12 to 13/14 - Increase to Factoring Fee

HTR Efficiency Savings 11/12 to 13/14 - Increase to Factoring Fee | South Lanarkshire Council
Title HTR Efficiency Savings 11/12 to 13/14 - Increase to Factoring Fee
ResourceHousing & Technical Resources
DescriptionThe fee currently charged for the factoring service to owner occupiers does not fully recover the cost of delivering this service nor does it truly reflect the fees charged by the private sector for this service. It is proposed to increase the fee to meet the actual cost of delivering the service. It is proposed that the fee will be increased from £59 to £96 per annum and that the increase will be phased in over two years. Thereafter it is proposed that the fee will be subject to the usual annual increase.
ConclusionAs part of the Resources 11/12 to 13/14 savings exercise it is proposed to increase the factoring fee currently charged to owner occupiers to reflect the actual cost of delivering the service. Following the impact assessment undertaken, the Council has reached the conclusion that the implementation of this saving will not have any significant impact on any equality group.