Mortgage fraud - Spotting the danger
Mortgage fraud is on the rise in the UK, meaning that brokers are well advised to keep abreast of Law Society advice on how to spot it, writes Marcus Thompson
The Britannia Building Society has announced that it is to launch a specialist unit to recover compensation from lawyers and surveyors for losses arising from fraudulent property transactions; other mortgage lenders are expected to follow suit. This raises the questions of just how widespread mortgage fraud is and how brokers can help clients to limit their exposure to fraud claims.
Organised mortgage fraud can take many forms and it is difficult to measure the extent of the problem accurately
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