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Progression Solicitors
Progression Solicitors
Offering practical solutions for legal issues, providing a client focused, value-for-money service.
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Property Fraud and How We Can Help You Avoid It

Property Fraud and How We Can Help You Avoid It

The risk of fraud is greater than ever and it is not just bank account fraud. Property fraud is on the increase. Since 2009 the Land Registry has succeeded in stopping fraudulent transactions worth more than £74 million. For the unfortunate victims of it there are devastating, time consuming and costly consequences. Steps can be taken to reduce the risks.

A property fraudster is most likely to assume your identity to sell or mortgage your property without your knowledge in order to obtain the mortgage funds or the sale proceeds. You are at the greatest risk of property fraud if you rent out a property, own empty property or live abroad. Property owned with no mortgage or where the owner’s relationship with the co-owner has broken down is also especially vulnerable.

There are several steps however that we can take on your behalf to help protect you and prevent this type of crime. Firstly, you must ensure that your property is registered at the Land Registry and we can apply for voluntary first registration if required. Secondly, you should put in place the protection available through the Land Registry. We detail below the two levels of protection available.

Level 1

The Land Registry offer a free monitoring service called Property Alert which will notify you by email if there has been any activity in respect of your property. You will then be in a position to decide whether the activity is suspicious or not. For example, if a lender carries out a search on your property but you have not arranged for a mortgage you will be notified of this. However this service only provides a warning to you. It will not block applications relating to your property so we would strongly recommend you to take the next level of protection.

Level 2

We can apply for a Land Registry “Restriction” on your property title which will prevent dealings with your property without a solicitor or conveyancer certifying that your identity has been verified. The Land Registry procedure will depend on whether or not you live at your property.

For further details on this please contact us or call 01229 580956 (Ulverston) or 015934 42255 (Windermere) to arrange an appointment.

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Contact our team today for expert legal advice on a wide range of business and personal legal issues.

01229 580956
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What our clients say about us

" Upfront costs and straight forward language. I used Progression for conveyancing and they were truly excellent, they kept me informed and answered the phone when I rang (which seems to be a rarity for Solicitors these days)

What our clients say about us

"My business was dealt with speedily, efficiently and professionally."

What our clients say about us

"Me and my partner used Progression to buy our first home and they couldn’t have been better. They explained everything clearly and were very prompt at answering any questions we had. We would definitely recommend to our friends and return in the future should we require a solicitor"

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If you would like to know more about our services or would like a quick chat about a legal matter, please get in touch.

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Contact Us

  • Ulverston: 01229 580956
  • Windermere: 015394 42255
  • Grange-over-Sands: 015395 38288
  • Barrow-in-Furness: 01229 808404
  • Kendal: 01539 678500

info@progressionsolicitors.com

Cumbria Solicitors - Progression Solicitors, the Lake District and Cumbria

Progression Solicitors Ltd is a limited company registered in England and Wales. Registered number: 5513037

Authorised and regulated by the Solicitors Regulation Authority No 558020