News Round Up 25/07/2024

This is a news roundup of all articles relating to the Leaseholder Action, highlighting key developments and updates in the case. Stay informed about the latest legal proceedings, stakeholder responses, and potential impacts on leaseholders. 

News and Update

Liam Spender BBC interview

Liam Spender on BBC Breakfast discusses Leaseholder Action and the issues affecting millions of leaseholders across England and Wales.

Roundup

News Round Up 24/07/2024

This is a news roundup of all articles relating to the Leaseholder Action, highlighting key developments and updates in the case. Stay informed about the latest legal proceedings, stakeholder responses, and potential impacts on leaseholders.

BBC Radio 4 Interview

BBC Radio 4, host Justin Webb dives into the topic affecting millions of leaseholders across England and Wales with Liam Spender.

‘Freeloading’ freeholders face claims for millions in ‘national scandal’ of hidden commissions on buildings insurance.

Official Press Release: Law firm Velitor has secured funding from Balance Legal Capital LLP for leasehold homeowners to bring a no win, no fee claim against wealthy freeholders and insurance brokers for unlawfully charging hidden commissions on building insurance premiums for years. 

News and Update

Gove's Call for Transparency and Fairness in Leasehold Insurance

Michael Gove expresses outrage over findings regarding broker remuneration in multi-occupancy residential buildings insurance.

News and Update

Property Industry Eye Article About FCA Legislation

An article from Property Industry Eye discusses concerns among managing agents regarding new Financial Conduct Authority (FCA) legislation on leasehold buildings insurance.

News and Update

FCA Multi-Occupancy Buildings Insurance Review

The FCA's review on multi-occupancy buildings insurance broker remuneration highlights significant issues in the industry. Key findings include evidence of high commission rates and practices not aligned with fair value for customers.