Protect your property from fraud
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Protect your property from fraud


Property fraud is where a fraudster tries
to “steal” your property. Of course that doesn’t mean they can pick
up the property and run away with it It’s most commonly done by someone pretending
to be you and selling or mortgaging your property and leaving you to pick up the pieces. For example, we know of a landlord who happened
to be driving past one of his properties and saw a for sale sign outside. As he hadn’t put his property up for sale,
he was understandably alarmed! He contacted the estate agent and found out
that the tenant had pretended to be the owner and put the property on the market. Although the likelihood of property fraud
happening to you is fairly low, the impact can be huge – imagine finding out that someone else has
sold your home and you knew nothing about it! Some property owners are more vulnerable to
fraud than others There’s more risk when a property is: empty – such as if the owner is abroad or
in a care home rented out – for example where the owner lives
elsewhere, the tenant might try to mortgage or sell the property without the owner’s knowledge mortgage free – there are currently millions
of properties without a mortgage in England & Wales where there are family disputes – for example,
when a couple divorce or separate. The first thing to do is to make sure your
property is registered. One advantage of registration is that if you’re
an innocent victim of fraud and suffer financial loss, you may be eligible for compensation
from us. Use our Property Alert service. This is a free service where you can monitor
up to 10 registered properties. We will tell you of any significant activity
such as a new mortgage or change of ownership. You can then judge whether or not the activity
is suspicious and seek further advice. Keep your contact details up-to-date. You
can provide us with up to three contact addresses including an e-mail address or an address
abroad. If your contact details are not up-to-date
you may not receive our letter or e-mail when we try to contact you you can contact a Citizens advice bureau or
Action Fraud you should seek professional advice such as
from a solicitor or your bank you can contact our property fraud line on
0300 006 7030 Monday to Friday

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