Keep your Property Safe - Beat the Fraudsters
Stealing houses! This subject keeps catching the media’s, and programme maker’s, eye and makes a good story. But it has a grounding in truth. There have been a few cases (well known to conveyancers and one of the reasons we now have to ask so many questions and have so much information about your I/d) where examples of this have occurred. Sometimes HM Land Registry, who are getting better at spotting fraudulent transactions, or a conveyancer suspect something is wrong and stop the transaction time. But even then someone may well have lost out such as where a transaction goes through but is not registered- there the purchaser, and possibly their lender, will lose out unless the money is claimed back - and you can bet the fraudulent seller will be off the scene by then, probably with someone else’s money! These are usually high value transactions but a recent one was for £131,000 - apparently an arrest in that case has recently been made which may help shed some more light on crimi...