What level of insurance commissions is normal at First port and Estates and Management?
In a case due to be heard at Tribunal in January 2024, Brian White alleges that FirstPort imposes charges on leaseholders and threatens late payment fees to discourage challenging insurance premiums. The property concerned is Hollin Bank Court in Blackburn and White has evidence that the commission rate applied is 18.22 per cent which is admitted by E&J Estates. The case however, primarily concerns itself with the insurance valuation being over stated due to VAT being added to the insurance reinstatement valuation.
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What level of insurance commissions is normal at First port and Estates and Management?
In a case due to be heard at Tribunal in January 2024, Brian White alleges that FirstPort imposes charges on leaseholders and threatens late payment fees to discourage challenging insurance premiums. The property concerned is Hollin Bank Court in Blackburn and White has evidence that the commission rate applied is 18.22 per cent which is admitted by E&J Estates. The case however, primarily concerns itself with the insurance valuation being over stated due to VAT being added to the insurance reinstatement valuation.
Valuation Services provided by The Ringley Group
Meet our Expert Property Commentators