Pros and cons
Language: English Series: Property Week ; 75(37) 11 September 2009, 52-53(2)Publication details: 2009Subject(s): Summary: Banks and other lenders blame property professionals for billions of pounds of mortgage fraud based on inflated property valuations. Even though surveyors and property lawyers may not have perpetrated frauds themselves but their fellow advisers have, they might be accused of negligence and pursued by lenders seeking to recoup their losses. The scale of mortgage fraud was estimated by the Association of Chief Police Officers in 2008 as costing £700m. Bradford and Bingley and Chelsea Building Society are the two most high-profile fraud victims so far.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L148431 (Browse shelf(Opens below)) | 1 | Available | 148431-1001 |
Banks and other lenders blame property professionals for billions of pounds of mortgage fraud based on inflated property valuations. Even though surveyors and property lawyers may not have perpetrated frauds themselves but their fellow advisers have, they might be accused of negligence and pursued by lenders seeking to recoup their losses. The scale of mortgage fraud was estimated by the Association of Chief Police Officers in 2008 as costing £700m. Bradford and Bingley and Chelsea Building Society are the two most high-profile fraud victims so far.