Are estate agents facing a property fraud epidemic?
6 December 2019
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Land Registry data shows that the level of property fraud - which is when criminals attempt to sell homes that don't belong to them - has doubled over the past 10 years and more than quadrupled in terms of value from £7 million to £25 million between 2013 and 2017.
And recent figures from fraud prevention services Cifas show that mortgage fraud by production of false documents increased by 14% in the first 6 months of 2019, while fraud by submitting altered documents rose by 32% or nearly one-third.