Top UK property litigation lawyer warns leaseholders likely to pursue historic cases following new FCA leasehold buildings insurance reforms

Posted on: https://newsontheblock.com/news-opinion/top-uk-property-litigation-lawyer-warns-leaseholders-likely-to-pursue-historic-cases The prospect of managing agents facing multiple group actions from leaseholders, resulting in their paying out significant,...

Increased scrutiny of insurance commissions could have a devastating financial effect on managing agents

Originally posted:  https://www.newsontheblock.com/news-opinion/increased-scrutiny-of-insurance-commissions-could-have-a-devastating-financial-effect Secretary of State for Levelling Up, Housing and Communities wants heavy fines and even disqualification from FCA...

Are insurance brokers offering fair value to leaseholders? I don’t think so

Neil Holloway The property market has been going through some tough times of late, with rising interest rates pushing up...

Pengelly and Wood: CA Holds No Need for Fiduciary Relationship

The Court of Appeal has handed down judgment today in the conjoined appeals of Wood v Commercial First Business Ltd...

Government wants to reduce broker commissions on buildings insurance policies

Originally posted on portner.co.uk 28/03/2023 Since the Grenfell Tower tragedy in 2017, insurance premiums on “multi-occupancy buildings” have increased dramatically....

Buy-to-let Landlords Set to be Able to Claim Back Billions in Secret Commissions

New rules from the Financial Conduct Authority (FCA) are set to pave the way for buy-to-let landlords and flat owners...

Landlords cleared to sue over insurance scandal

(Originally posted in the Daily Telegraph) THE City watchdog is clearing the way for millions of buy-to-let landlords and flat...

‘It’s just outrageous’: UK leaseholders face down landlords over insurance costs

Source: Financial Times It was on the final day of the hearing that Angie Jezard became tearful. Delivering a closing...

How We Can Recover Secret Commissions, By Andrew Day

Here at M2 Recovery, we have an established process for taking our clients from early case assessment to recovery. A crucial...

Could you be paying a secret commission?

Not only can we look to reduce your insurance costs and claim back money you might have overpaid on historical...

Insurance Kickbacks Undermining Right to Manage Legislation – Says M2 Recovery

M2 Recovery believes that secret insurance payments are undermining the benefits of Right to Manage (RTM) legislation, and RTM companies...

M2 in the News: Cladding victims hit with 1,400% crippling insurance hikes with ‘secret’ commissions

Crippling insurance bills sent to cladding victims are loaded with “secret” commissions to freeholders, agents and brokers. The Sunday Mirror...

Hidden commission payments costing motorists millions

The FCA estimates consumers are being conned out of £300m every year by the practice. But it is not just...

Secret commission FAQs

Who is classed as an agent?  Any business that acts as an intermediary for a financial transaction with a third...

What to do if you think you’re a victim of secret commissions

Secret commissions are a serious problem for the commercial real estate sector. Millions if not billions of pounds are being...

What the secret world of football agents has to do with your commercial property insurance?

The world’s leading football agents have become millionaires off the back of pedalling their clients between Europe’s richest clubs. But...

What consolidation means for your property insurance?

The insurance broker market is undergoing considerable change in the UK with the larger players snapping up their smaller counterparts...

What BREXIT means for commercial property insurance?

When the UK voted to leave the European Union (EU) back in 2016 and the prime minister triggered Article 50,...

Unfair, dishonest and illegal: The truth about secret commissions

The world of commercial property insurance might not seem like a murky business to be involved in, but unscrupulous managing...

Secret Profit Commissions: Change is Afoot

How it works  Buildings insurance covers the cost of rebuilding or repairing your property in the event of it being...

Pirate of the Caribbean meets insurance in secret commission scam

A consortium of 14 top hoteliers in Jamaica, the Cayman Islands, Bahamas and Florida are suing a London-based insurance broker...

Politicians vow to pressure FCA on property commissions

17 July 2019. Regulator has remained silent for five years but is coming under renewed pressure. A political group has...

Calls for FCA action as secret property agent commissions hit new highs

By Mark Richardson | 28 May 2019 Five years on from the CMA’s report exposing huge commissions paid by brokers...

How M2 Recovery saved one customer more than £1m

In 2014 M2 Recovery was contacted by a leading chain of DIY stores that suspected it had been overpaying for...

Specialists In recovery of secret insurance commissions

RBS Case Study We were instructed on behalf of RBS to undertake an insurance audit on a portfolio of properties...

How being named as co-insured helped NCP recover £500,000 in illegal secret commissions

Car park company NCP approached M2 Recovery in 2014 to negotiate the insurance premiums for 158 of its car parks...

What to look for in a commercial property insurance policy

Buying insurance is not an easy task. Over complicated policy documents, unnecessary industry jargon and hidden exclusions all come together...

4 Tips for getting the best property insurance

Buying commercial property insurance is a complicated process, full of industry jargon and complex policy definitions that make it hard...

Commissions and Secret Profits: Residents Association

Landlord acquires property Landlord’s Managing Agent arranges insurance cover through preferred Insurance Broker. Residents Association is Co-Insured Lease allows Landlord...

How your managing agent could be costing you thousands every year?

Managing agents are often responsible for arranging insurance for the properties they are in charge of, representing leaseholders and tenants...

How property managing agents could be conning you out of thousands every year?

The commercial property sector is a well-established market, but within the industry is an equally well-established practice of secret commissions...

Secret Commission: Time for a change

Secret commissions are a serious problem for the commercial real estate sector. Millions of pounds are being paid to unscrupulous...

Fighting back against unfair secret commissions

When I created Mulberry Insurance Services over 30 years ago I did it with a deliberate focus on the commercial...

Leaseholders ‘losing millions from bribes’ to renew insurance

RBS recovers secret commissions after paying premiums following borrower default

M2 Recovery were instructed on behalf of RBS to undertake an insurance audit on a portfolio of properties that had...

Secret commissions push up the price of insurance for Landlords & Tenants – We can help you recover these hidden payments

The payment of secret commissions in the insurance sector is endemic. These hidden payments aretaken by managing agents arranging the...

m2 Recovery

With many insurance brokers and property managing agents inflating premiums to unreasonable levels in a bid to gain ‘secret commissions’,...

Secret Profit Commissions: Change is Afoot

How it works Buildings insurance covers the cost of rebuilding or repairing your property in the event of it being...

Leaseholders ‘losing millions from bribes’ to renew insurance

Secret commissions are being paid to property agents behind leaseholders’ backs, with undisclosed payments from insurance brokers said to run...

Unfair, dishonest and illegal: The truth about secret commissions

The world of commercial property insurance might not seem like a murky business to be involved in, but unscrupulous managing...

What the secret world of football agents has to do with your commercial property insurance?

The world’s leading football agents have become millionaires off the back of pedalling their clients between Europe’s richest clubs. But...

What to do if you think you’re a victim of secret commissions

Secret commissions are a serious problem for the commercial real estate sector. Millions if not billions of pounds are being...

What to look for in a commercial property insurance policy

Buying insurance is not an easy task. Over complicated policy documents, unnecessary industryjargon and hidden exclusions all come together to...