Eastleigh mortgage broker Alex Chiswell, 33, was found guilty of helping an unemployed man and his wife to fraudulently obtain three mortgages. He was sentenced to four years in jail.
His accomplice, former Bournemouth estate agent John Hudson, 52, received a 12 month prison sentence, suspended for two years.
A second broker, Colin Zaczyk, 41, was jailed for two and a half years for dishonestly gaining a mortgage for a property in Eastleigh.
Dorset Police fraud investigator Paul Sullivan told the Daily Echo: “This was a long investigation complicated by the amount of documents and defendants.
“There was an organised abuse of trust by the brokers, in particular, who are supposed to look after the interest of the lender and purchasers alike.
“Although the offences dated back to 2004/2006, they are relevant in respect of the financial situation we now find ourselves in. The sentences send out a clear message to any professional operating in the finance industry.”
In total, five out of thirteen defendants in the mortgage fraud case were found guilty and sentenced to a total of twelve and half years. Four more admitted guilt and another four were acquitted.
