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.
Property fraud claims increasing
Posted by: Titlesolv
Despite efforts to combat fraud in property transactions, nearly 10 million pounds worth of compensation claims were received by the Land Registry last year.
The Insurance Act: reflections on consolidation
Posted by: Titlesolv
The Insurance Act 2015, when it comes into force in August 2016, will bring the principles on disclosure, warranties and fraud for commercial insurance in line with those already introduced for consumer insurance by the Consumer Insurance (Disclosure and Representations) Act 2012.
titlesolv.com fills liability gap
Posted by: Titlesolv
In response to the continuing rise in property prices, titlesolv.com, the legal indemnities arm of London & European, has today launched its new 'Top-Up' policy for brokers and solicitors - the latest...
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