Mort­gage fraud foiled by call­ers

Yorkshire Post - Property - - PROPERTY -

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.

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