Protect Yourself Against Property Fraud
Posted on 10th March 2023 at 13:48
Fraud of all kinds is on the increase and property fraud is no different but there are some free and easy things you can do to protect yourself and your property. Land Registry paid out over £3.5m in compensation last year for approving fraudulent transactions yet they have stopped over £115m of attempted frauds since 2016. With scammers and fraudsters becoming increasingly more sophisticated it is vitally important that you do everything you can to make sure you do not become a victim.
One of the best ways to alert yourself to any suspicious activity around your property is to register for free with HM Land Registry and receive alerts if any changes or activity happens against your property. By doing this you can monitor up to 10 properties (providing they have been registered) and receive alerts of any significant activity that is pending against each one. If you believe the activity to be fraudulent then you can act swiftly to prevent it happening. You will receive details of who to contact in the alert. Despite this being a completely free service only 4% of UK homeowners have so far signed up to the service mainly due to a lack of awareness but it is a great way to give yourself some extra protection.
To sign up click the link and follow the instructions - https://propertyalert.landregistry.gov.uk/.
If you have any questions on this or other property related matters, please feel free to get in touch either by messaging us, calling 01452 260993 or emailing enquiries@rbwalters.co.uk. As always, we love to hear your thoughts and please share this with family and friends to ensure as many people as possible do everything to protect themselves.
Tagged as: Advice For Homeowners
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