This week, the Land Registry announced that over 50,000 people have signed up to its Property Alert service. Counter Fraud Senior Executive Lynne Feddon from the Land Registry tells us more about property fraud and how homeowners can protect themselves.
As a member of Land Registry’s Counter Fraud Group, I see a range of property frauds being attempted against homeowners. When fraudsters succeed, the consequences can be devastating for the victims. That’s why I’m keen to make property owners aware of what they can do to reduce the risk of becoming a victim.
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. Fraudsters will try to steal the homeowner’s identity and sell or mortgage their property by pretending to be them. If it isn’t discovered promptly, the true property owner might find their property has been transferred to someone else or sold without their knowledge. Putting it right can be distressing, time-consuming and costly. Prevention is therefore better than cure.
You are more at risk if your property:
Contact our property fraud line on 0300 006 7030 (Monday to Friday, 8.30am to 5pm) or email firstname.lastname@example.org.
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