Property fraud

Property is usually the most valuable asset people own. It can be sold and mortgaged to raise money and can therefore be an attractive target for fraudsters. The type of frauds we usually see are where fraudsters first steal your identity and then sell or mortgage your property by pretending to be you. If it isn’t discovered promptly, you as the true property owner might find your property has been transferred or sold without your knowledge. Fixing the mess and getting any mortgage taken off your register can be distressing, time-consuming and costly.

How common is it?

Thankfully this type of property fraud is quite rare, but if you are the unlucky victim, it can have devastating effects. That is why prevention is much better than cure.

What can people do to protect themselves?

There are a few options:

Who is most at risk from property fraud?

You’re more at risk if your property:

If you think you may be the victim of property fraud, you should:

For more information visit www.gov.uk/propertyfraud

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