Avoid Becoming a Victim of Property Fraud
As reported last July, property fraud is on the increase and as a result, the Land Registry has nominated July as ‘Scams Awareness’ month. If you own property please take a moment to:
- read the Land Registry’s property fraud advice: www.gov.uk/propertyfraud
- sign up to the Land Registry’s free Property Alert service: www.gov.uk/property-alert; and
- watch the Land Registry’s short property fraud video.
The Land Registry has reported that since 2009, they have prevented 254 fraudulent applications being registered, representing properties valued in excess of £117 million. However they have pointed out that no system can be completely fraud-proof and, for this reason, they are keen to ensure that property owners do what they can to prevent themselves becoming a victim of property fraud.
If you are a property owner and would like advice on how you can avoid becoming the vicitm of property fraud, contact a member of our Property team.