Property fraud
Once your conveyancer has completed all the pre exchange work in the conveyancing process and it is time to exchange, you may find yourself in a position where the seller (or you) requires a simultaneous exchange and completion.Simultaneous exchange and completion means that you wil...
Mortgage fraud is on the increase and fraudsters are becoming increasingly creative about the ways in which they commit mortgage fraud. Conveyancers and Solicitors must therefore be extra vigilant where they suspect mortgage fraud taking place and take all necessary steps and precaut...
Friday, 18th June 09:22am The Law Society Gazette reported on 17th June 2010 that mortgage fraud continues to rise based on the latest figures issued by the Solicitors Regulation Authority. These figures are particularly worrying for conveyancers. Peter Rodd, a member of the Law Society’s money laundering ta...
In the first six months of last year, property-related fraud cost the UK an estimated £97m, and earlier in the same year the case of a lender losing over £40m through mortgage fraud hit the headlines.These alarming figures are just the tip of the iceberg as they don't take into account c...
Hot on the heals of a report from KPMG this week a specialist Fraud solicitor in is warning that the true scale of property and mortgage fraud is yet to be known. Aziz Rahman, principal of Rahman Ravelli Solicitors in Halifax, believes that the full extent of this type of property fraud is nei...
Saturday, 16th January 03:48pm As a home owner, you may be at risk of having your property stolen, especially if you are not currently residing in it. For many, their home is their most valuable asset; therefore protecting oneself from property fraud is critical. Fridays can help to protect you from such fraud, ensuring you do no...
A Brief Introduction:
Two systems of conveyancing exist at present in parallel: registered and unregistered.Since the enactment of the Law of Property Act 1925 the government has maintained a registry of land in England and Wales known as the Land Registry. This registry consists only of the ...
Property is usually the most valuable asset a person can own, and are therefore an attractive target for fraudsters. Recent legislation abolished the requirement for Land and Charge Certificates which was documentary evidence of a person’s ownership of land. This is part of t...
Property Forum Acting for Safe Transactions works alongside various partners, including the Royal Institution of Chartered Surveyors (Rics) to tackle the escalating problem of property fraud....
The Land Registry could be one of many assets the government may sell as it acts to reduce record borrowing, set to hit more than 12 percent of gross domestic product this year.Prime Minister Gordon Brown has already set out plans raise 3 billion pounds through the sale of government assets. B...
