Practice note on property fraud prevention published
Property and title fraud often includes the presentation of forged registration or identity documents. It is on the rise and represents a major threat to solicitors, conveyancers, home buyers and businesses alike.
Since 2010, HM Land Registry has been gathering evidence of identity and other fraud techniques derived from attempts to obtain title to land by fraudsters. Alongside evidence recounted by solicitors to The Law Society, the two bodies have now combined to produce an important Practice Note for the profession.
Fraud methods vary and evolve continually, and practitioners should diligently look out for anything which may be unusual or suspicious which may point to possible fraud. This practical guide indicates some of the warning signs to look out for.