Mort­gage fraud shows an in­crease

Yorkshire Post - Property - - PROPERTY -

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.

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