How to Protect Against Property Fraud
Owners of both residential and commercial property are at risk of becoming a victim to property fraud, and fraudulent conveyancing transactions are on the rise.
Property fraud comes in various guises. People can fall victim to property investment scams, freehold owners may find that their property is subject to a fraudulent conveyancing transaction, criminals may impersonate the owner and mortgage the property, and prospective tenants may be victim to rental property scams.
Everyone should be alert to property fraud. Set out below are the most common types of property fraud and the practical steps which can be taken to avoid becoming a victim. Being a victim of property fraud can be expensive in both time and money. Taking preventative steps now will reduce the risk of being targeted.