Property fraud

Date published: 21 March 2018 16:42

You might receive a brochure in the post offering you a course on how to become a property millionaire, or you may be invited to attend a free presentation on making money from property investment. Both might turn out to be a property fraud and you may never see your money again.

A variation is buy-to-let fraud, where companies offer to source, renovate and manage properties, claiming good returns from rental income. In practice, the properties are near-derelict and the tenants non-existent.

If you aren’t living in the property you rent out, it’s important to keep Land Registry updated of your contact address. This helps to reduce the risk of property fraud occurring. Up to three addresses are allowed including email addresses, addresses abroad and the address of someone you trust. You can find out more on the Land Registry website.