Clyde Valley Property Services (CVPS) is a Subsidiary Company of the Clyde Valley Group that was set up in January 2006. CVPS provides a factoring service for 3207 owner-occupiers in both North and South Lanarkshire.

Arrears

Unfortunately not everyone paid their account in time and in March 2009, £138,345 was outstanding. The Team are working very closely with our customers and aim to contribute to their target throughout the year, with a more direct arrears recovery solution.

Legal action has been commenced against a number of owners because of factoring arrears however in a number of cases owners have made an arrangement to pay their arrears.

	2006/07	2007/08	2008/09	Difference from 07/08 to 08/09
Factoring Arrears	44.51%	51%	87%	+36%

Right to Buy Sales

The CVPS Team also helped people who wanted to buy their house from Clyde Valley. Throughout 2008/09, 16 houses were sold, 9 in North Lanarkshire and 7 in South Lanarkshire.

	2006/07	2007/08	2008/09	Difference from 07/08 to 08/09
Right to Buy Sales	29	31	16	-15
Days to settle	193	109	139	+30

Shared Equity Scheme – Hamilton Crescent, Cambuslang

Throughout the year, CVPS continued with the release of 22 new homes for sale in Hamilton Crescent, Cambuslang, under the Governments New Supply Shared Equity scheme.

This regeneration project of 78 new homes situated at Hamilton Crescent, Cambuslang is nearing completion with the 56 properties for rent now allocated.

Twenty two semi-detached and terraced, 2 and 3 bedroom homes have been offered for sale under the Scottish Government’s New Supply Shared Equity Scheme. To date 9 of the 22 have been sold and 3 reserved with marketing of the remaining properties ongoing.