Warning – Property Fraud is on the Increase
In recent years there has been a sharp rise in theft of property title and property fraud [including properties bought for let]. For example a Land Registry worker has recently been jailed for assisting property fraudsters to make millions of pounds by stealing the homes of vulnerable people and absent property owners. The fraudsters targeted houses which were empty, typically because the owner had moved into a nursing home or because the owner had died. At least nine properties were involved worth about £3.8 million.
HM Land Registry [HMLR] confirms that there is an increased risk of fraud when:
- a property is empty or has been bought to let
- an owner is spending time abroad or absent
- the owner is infirm or in a nursing or care home
- a relationship breaks down
- a property has no mortgage
For more information visit http://www.landregistry.gov.uk/public/guides/public-guide-17
174LAW can help you to take steps to protect your property
Our specialist property team can help by concluding an application to the Land Registry for Additional Security For Owners Not Living At The Registered Property (HMLR Form RQ). Contact us immediately at firstname.lastname@example.org or email@example.com for a fixed fee quotation. A small price to pay for extra protection for your most valuable asset. Do not delay!