Mortgage fraud foiled by callers
ITS just six months on from the launch of the Land Registry’s property fraud line and already over 505 alerts have been received via phone and email.
The Land Registry prevented 136 frauds on property worth an estimated £60m in the 18 months to April this year.
Fraudsters may attempt to acquire ownership of a property either by using a forged document to transfer it into their own name, or by impersonating the registered owner.
Once they have raised money by mortgaging the property without the owner’s knowledge they disappear without making repayments, leaving the owner to deal with the consequences.
Call the fraud line on 0300 006 7030.