Mortgage fraud shows an increase
THERE was a 23 per cent jump in attempted mortgage fraud in the second quarter of this year, say Experian.
Around 39 in every 10,000 mortgage applications were identified as fraudulent between April and June, up from 32 in the same period in 2011.
Most come from first-party fraudsters, which are individuals misrepresenting their own circumstances.
Almost a quarter involved individuals hiding adverse credit information and a further one in five applicants provided misleading employment histories.
Experian’s Nick Mothershaw said more people were trying to misrepresent their employment and credit information to get properties out of their reach.