Land Registry Initiative to Tackle Property Fraud
Property fraud can happen in many ways. For example, fraudsters may steal someone’s identity and attempt to acquire ownership of a property by using forged documents. The fraudsters may then raise money by mortgaging the property without the owner’s knowledge before disappearing with the money, leaving the owner to deal with the consequences.
The Land Registry has stopped 136 fraud cases on property between March 2014 and September 2015, worth £60 million and has prevented over £92 million of fraud since 2009. How? Their free to register Property Alert System, allowing you to sign up and receive property alerts for up to 10 properties that you own in order to prevent fraudulent activity.
You’re more at risk if your property – is rented out; is empty; is mortgage-free; isn’t registered with Land Registry
You can sign up for this free service at https://propertyalert.landregistry.gov.uk/ or call 0300 006 0478.