Fraud is becoming an increasingly significant issue and is now one of the most commonly experienced crimes in the UK. According to the Office for National Statistics’ crime survey, there was an estimated 3.3 million cases of fraud in the year ending June 2018. This high figure captures a broad range of fraud offences, including lower-harm cases. But fraud can have very significant impacts, particularly as the value of the scam increases. Property fraud is a real threat that buyers, sellers and solicitors need to be aware of to help ward-off would-be fraudsters.
Mortgage fraud is a criminal act that involves obtaining a mortgage by making false claims on your application and it is becoming increasingly common. Even if you tell a 'little white lie' when applying for your mortgage, you are still committing mortgage fraud.