Fraudulent Property Transactions
Fraudulent property transactions have emerged in recent years as a way for criminals to target individuals and families. This type of criminal activity can take many forms, including mortgage fraud and the use of identity theft to sell and mortgage properties that do not belong to them. If you have been the victim of such criminal behaviour, it is important you have access to a strong legal team that will fight your corner.
At Blackstone, we are tenacious and determined to protect every client we take on. If you would like to speak to a member of our expert team, simply call us on 0161 929 0121 or allow us to contact you by filling in our online enquiry form.
Property will often be the most valuable thing that a person owns, and as such it has become an increasingly attractive option for criminals looking to make gains at other peoples’ expense. Fraudsters, for instance, may commit identity theft, enabling them to convince other parties that they are the seller of a property, leading to them pushing through the sale.
Who is at risk?
Anybody can fall victim to fraudulent property transactions, although there are certain types of people who may be deemed at greater risk than others. These include:
- People who spend a lot of their time working abroad
- Elderly people who often leave their home unoccupied, such as those in residential care
- Landlords who spend little time at their properties
People who own a property without a mortgage might also be at particular risk because this makes it easier for criminals to try and sell the property. However, mortgage fraud is another avenue fraudsters may wish to go down to gain an illegitimate financial advantage. This can involve criminals identifying weaknesses in lending and conveyancing systems, such as:
- Misrepresentation of income or property value to secure higher loans
- Overvaluation of properties
- Failure to make mortgage repayments
- Use of false identities
- We can help
Although instances of property fraud are rare, the risk is always prevalent and criminal activity of this nature can have a hugely detrimental effect on those who fall victim to it. If you do suffer as a result of this behaviour, it is imperative you have access to an experienced legal team that can guide you through what can be a particularly complicated and stressful time.
The team at Blackstone is well versed in dealing with claims of this type and we will do everything in our power to make sure our clients’ interests are safeguarded at all times, providing the support and guidance they need form the beginning of their case through to the end.
Speaking to a member of our team about your situation could not be easier, simply call us today on 0161 929 0121. If you would prefer for us to contact you, then simply fill in your details on our online enquiry form and we will get back to you as soon as we can. Our clients come from across the UK and we regularly take on work from people in the Manchester, London, Cheshire and Chester areas.