Hacked off
Posted by: Titlesolv
The house buying process usually involves the electronic transfer of large amounts of money and, to most of us, is the biggest purchase we will ever make. It is therefore particularly concerning that conveyancing fraud has become an increasing problem in recent years.
Paper trails
Posted by: Titlesolv
A recent case at the High Court in Glasgow considered property fraud on an extraordinary scale. Perhaps most striking about the case was that it was the longest criminal trial in UK legal history, lasting over 320 days.
Consolidation and Innovation
Posted by: Titlesolv
Lenders will soon be represented by a new body, which is set to replace the six current bodies that regulate the financial sector.
Risky business
Posted by: Titlesolv
The recent case of a fraudulent transfer of 1.2 million (GBP) using the identity of a Kensington homeowner provides a salient reminder of the risk of fraud in lending. As the body that registers land and property in England and Wales, the Land Registry plays an important role in property transactions and preventing fraud. Part of this role is to check that the person registering a title is the true owner. Lenders heavily rely on this information when deciding whether to accept a mortgage application.
Land Registry privatisation comes with risks
Posted by: Titlesolv
The government's announcement in the Autumn Statement that it would be consulting on the privatisation of the Land Registry has raised concerns regarding the potential for fraud and manipulation of the data currently held at the Registry.
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