If You have an Empty Property Beware

Home » Newsroom » If You have an Empty Property Beware
crime sign 2

The National Fraud Intelligence Bureau has gathered information that organised criminal groups are currently targeting empty properties in the UK to apply for loans, duping mortgage providers and causing further distress to members of the public.

The NFIB has learned that criminal networks were identifying empty properties using names on the published obituaries and carrying out further research on the Land Registry. Once a suitable property has been discovered the criminal group then organise for fake documentation to be produced, registering on the electoral role and with utility companies. They meticulously work through the legal hurdles until the finances are released by the unsuspecting organisation. The rights to the property actually belong to a completely innocent party who have no idea the crime has taken place until a much later point.

There is an increased risk of fraud when:

* a property is empty or has been bought-to-let
* the owner is spending time abroad or is absent
* the owner is infirm or in a nursing or care home
* a relationship breaks down between the property owners/dwellers
* a property has no mortgage

To Protect yourself against property fraud:

* Be very wary of mail solicitations claiming great returns, no matter how good they look. Check out the company first. For example, does it have a legitimate street address and landline number?
* If a deal seems too good to be true, then it probably is.
* Owners, who are concerned their property might be subject to a fraudulent sale or mortgage, can quickly alert the Land Registry and speak to specially trained staff for practical guidance about what to do next by calling the Property Fraud Line on 0300 006 7030. The line is open from 8.30am to 5pm Monday to Friday.

If you have been affected by this, or any other fraud, report it to Action Fraud by calling 0300 123 2040, or visiting www.actionfraud.police.uk

Add a comment...
Name
Email
 
Message
Enter security letters
Tarvin village

popular recent storiesAlso in the news

Tarvin Primary School Logo
Tue 17 Jul 6:00am  |  hits: 596

Did you go to Tarvin Primary School? Do your children or grandchildren go or will your little ones be attending in the future? Maybe you live in the village and would welcome the opportunity to support the hub of the community? If so then please follow the link below to read more about the PTA's 50th Anniversary Crowd Fund Campaign and how any donation will be used to improve the...

38553_Fraud_one
Sun 22 Jul 6:00am  |  hits: 432

We have received the attached from Cheshire Police which outlines the process currently being followed by fraudsters who are trying to scam people into withdrawing money from their bank accounts. Please pass on to your family in order that people are aware of the...

Tarvin School sign
Sat 21 Jul 6:00am  |  hits: 391

It has been an emotional week at Tarvin School!In the run up to the summer holidays we have had some momentous occasions — the new school sign with the school emblem has been erected and unveiled.The Juniors have staged their end of term production "The Sound of Music".The winner of the Jim Grogan Countryside and Wildlife Award was announced in the Woodland.And the Year 6s had...