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Protect Your Biggest Asset


 
Property is usually a homeowner's most valuable asset and can be a tempting target for fraudsters.
 
The Land Registry have launched their 'Protect Your Property' campaign as a positive measure to help protect homeowners who are most at risk of property fraud.
 
More than 14 million people are property owners without mortgages, a large proportion of who will own properties worth more than £500,000!
 
Last year an attempted fraud was discovered and prevented by the Land Registry because, among other anti-fraud procedures, the owners of the property that was being "stolen" had kept their address for service up to date. The couple from the West Midlands had paid off the mortgage on a property they were letting and lived at another address. Because they lived elsewhere, they'd supplied their home address as well as that of the let property as contact addresses for the Land Registry.   Fraudsters, impersonating the couple, tried to change the named owners on the Land Registry record so they could take over ownership of the let property, but the Land Registry contacted the couple immediately at both addresses and they were able to object to the transfer of ownership and prevent their property from being stolen.
 

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Boys & Maughan Solicitors, India House, 11 Hawley Street, Margate, CT9 1PZ Tel: 01843 234000
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Boys & Maughan Solicitors, 57 Queen Street, Ramsgate, CT11 9EJ Tel: 01843 595990

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