23rd November, 2018 by Tessa Haskey
Property owners are at risk from fraud. There are lots of horror stories about fraudsters impersonating property owners; selling or mortgaging those properties and disappearing with the cash.
This type of fraud is less likely where you live in your own home, but if you have a portfolio of properties which are tenanted or empty you are at risk. Property fraud is often linked with identity theft. A fraudster might change his name to yours, or pretend to be you, and then seek to sell or mortgage a property which you own. That risk can increase further if you have no mortgage or your property is unregistered. As a separate point, it is always best to apply to register unregistered land as you are protected in a number of ways, and we can help with that.
There are steps you can take to protect your property assets:
You don’t need to be the owner of the property to set up the alert. I have set up alerts for the homes of my parents and my mother-in-law via https://www.gov.uk/guidance/property-alert. It was very easy to do: you just need the address of the property (not the Land Registry title number). My parents and mother-in-law are elderly and have no mortgages. If they have to go into sheltered accommodation, and their properties are empty for a time, I will get an alert if anyone tries to mortgage or sell.
The Land Registry has also produced a really good video which highlights the risks, which can be accessed here:
For more information, please call Tessa Haskey on 01603 281964 or email [javascript protected email address]. Alternatively, you can find more useful information on our Residential Conveyancing Law page.
To contact us, please fill out this form and we will get back in touch as soon as possible. Your personal data will be processed in accordance with our privacy policy which can be found here.
