Property fraud: fake ID scams on the rise

Property fraud comes in many forms and is a growing trend which is so prolific in the East Midlands this year that it prompted the regional fraud team to issue a specific warning about fraudsters using fake ID to get mortgage-free properties transferred into their names. The scammers use fake ID, such as a passport or driving licence or change their name to the true owner’s name through deed poll to obtain genuine identification documents, to remortgage the targeted properties or sell them onto unsuspecting third parties and pocket the proceeds. Edward Sharpe (Partner and Head of Residential Property), explains how such property scams work and outlines what can be…