November 10, 2016 Buyers Guide, Property Fraud, Property Law
All property owners should be vigilant about property fraud.
Property fraud can affect anyone but you should check if you fall into one of these high risk areas
- your identity has been stolen previously
- you rent out your property
- you live overseas
- the property is empty
- the property is not mortgaged
There are various types of property fraud. A fraudster might use try to convince a solicitor or mortgage lender that they own a property. They then sell the property and steal the proceeds or raise mortgage finance and steal the mortgage advance. Email impersonation and other technical methods are also something which you should be aware of.
If you fall into one of these areas or want further guidance on how to protect your property, please contact us on 0121 702 1580 or email [email protected] for expert advice.