Mortgage fraud
A property expert warns advisers to avoid ‘no money down' buy-to-let deals, where investors use bridging finance and two solicitors to avoid paying a deposit from their own funds.
Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers.
The media continues to be full of fraud stories and this is unlikely to change. anytime soon.
Other Mortgage fraud articles
Mortgage applicants need to bring twice as much paperwork to the mortgage discussion than before the credit crunch, as lenders become more fraud and Know Your Customer(KYC)conscious than ever before.
A married couple found guilty of 24 counts of mortgage fraud committed over the course of six years have been jailed.
Elena Butcher is a 65 year old stationery shop owner in rural Cumbria.
The Financial Services Authority (FSA) is contacting more than 75,000 people warning them they are being targeted by financial conmen in what is the largest number of potential victims it has contacted in one go.
A Slough mortgage broker has been jailed for six and a half years after being found guilty of multiple mortgage frauds.
A mortgage fraudster who "benefited" by £507,939 from criminal activities has been ordered to pay an extra £22,000 in proceeds of crime.
Mortgage fraud has more than doubled in five years, a new study has revealed.
Mortgage brokers need to watch out for fraudsters, the man who uncovered a £1.5m scam has warned.
Mortgage broker Jonathan Flynn was found guilty of conspiracy to commit fraud and sentenced to four and a half years in prison at the Old Bailey yesterday.
A financial adviser has been fined £95,200 and banned by the Financial Services Authority (FSA) for knowingly submitting mortgage applications in his own name which contained false information and other failures.
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Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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