This Fuerteventura forum uses cookies
This Fuerteventura forum makes use of cookies to store your login information if you are registered, and your last visit if you are not. Cookies are small text documents stored on your computer; the cookies set by this Fuerteventura forum can only be used on this website and pose no security risk. Cookies on this Fuerteventura forum also track the specific topics you have read and when you last read them. Please confirm whether you accept or reject these cookies being set.

A cookie will be stored in your browser regardless of choice to prevent you being asked this question again. You will be able to change your cookie settings at any time using the link in the footer.
Hi guest and welcome to the Fuerteventura forum.

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

[-]
Tags
property fraudulently being sold prevent mortgaged

Prevent your property from being fraudulently sold or mortgaged
#1
I just registered for this free property alert and wanted to share as it could prevent heaps of trouble. This service is for your properties back in England & Wales. Sorry, I don't know about a similar service being offered in Scotland, Northern Ireland nor in Fuerteventura.

Decided to share this info just because it could be relevant to many of you, living full or part time in Fuerteventura. According to Land Registry, your home could be at risk.

You’re more at risk if:
  • your identity has been stolen
  • you rent out your property
  • you live overseas
  • the property is empty
  • the property isn’t mortgaged
  • the registered owner is dead
  • the property isn’t registered with Land Registry

Example of someone who has signed up for Property Alert:
Mr Mills rented out his property in England while he lived overseas. He realised that absent landlords are more at risk of property fraud so he signed up to our Property Alert service.

Sometime later he received an alert email informing him that someone had made an application to register a mortgage on his property worth over £300,000. As Mr Mills wasn’t expecting this, he contacted our property fraud line. As a result of Mr Mills alerting us to the fact that the mortgage request was suspicious, we investigated and prevented the application from being registered once we realised it was fraudulent. As Mr Mills’ contact details were out of date, we advised him to update them so that if we needed to contact him in the future, he would be sure to receive our emails or letters.

As a result of signing up to Property Alert, Mr Mills was able to spot suspicious activity on his property and his prompt action in alerting us meant we were able to stop the fraudulent transaction from being registered.

Property fraud:
Property fraud is where fraudsters try to “steal” your property, most commonly by pretending to be you and selling or mortgaging your property without your knowledge.
Since September 2009, HM Land Registry has prevented 254 fraudulent applications being registered, representing properties valued in excess of £117m.



Land Registry - Property Alert - Took me three minutes to register and another couple of minutes to add the property to the watch. You can watch up to 10 properties, don't have to own them. Really handy with elderly family members or friends.
I Heart Fuerteventura
4 users say Thank You to Sam for this post
Reply Quote
#2
Something like this never even occurred to me. Thankfully we no longer own a property in the UK.
2 users say Thank You to TrickyFox for this post
Reply Quote
#3
Not happening very often but it must hurt really bad if something like this happen.
I Heart Fuerteventura
1 user says Thank You to Sam for this post
Reply Quote
#4
I would have thought it would be much more difficult to get a mortgage against a property anywhere than that. Land registry is checked & suchlike so is this genuinely a problem or just trying to frighten vulnerable people into something they don’t need. Also, why should one need to get a mortgage application alert for a property they do not own ??
2 users say Thank You to Spitfire58 for this post
Reply Quote
#5
I've used this service for quite a few years now - I get a regular email confirming no alerts against my registered properties. Also it's really useful to be able to keep a check on elderly relatives properties, making sure they aren't being conned, scammed etc. I know it works because when I was selling  a property I got an email alert the same day the buyers solicitor made a search on the property on the land registry.
Living my dream
2 users say Thank You to TamaraEnLaPlaya for this post
Reply Quote
#6
(10-01-2019, 05:47 PM)Spitfire58 Wrote: I would have thought it would be much more difficult to get a mortgage against a property anywhere than that.

I'm sure it's not that easy but some people could get pretty crafty. Especially if there's a big pot of Money involved.

(10-01-2019, 05:47 PM)Spitfire58 Wrote: Land registry is checked & suchlike so is this genuinely a problem or just trying to frighten vulnerable people into something they don’t need.

Not every property is registered with Land Registry and that could be a part of the problem.


(10-01-2019, 05:47 PM)Spitfire58 Wrote: Also, why should one need to get a mortgage application alert for a property they do not own ??

To make sure your parents or "non-tech-savvy" family members won't get scammed for example.
I Heart Fuerteventura
1 user says Thank You to Sam for this post
Reply Quote
#7
....is this PropertyAlert website a genuine one run by the Government Land Registry? 
And does it generate 'spam' from other sources once you have given all your personal details.

Seems too good to be true...and for free??

Thanks
2 users say Thank You to Archer for this post
Reply Quote
#8
(11-01-2019, 04:00 PM)Archer Wrote: ....is this PropertyAlert website a genuine one run by the Government Land Registry? 
And does it generate 'spam' from other sources once you have given all your personal details.

Seems too good to be true...and for free??

Thanks

Yes, Government Land Registry - the genuine one.
No spam from other sources, you can use whatever details you wish for the registration, they do check only the postcode and your email address.
Yep, free of charge.
I Heart Fuerteventura
2 users say Thank You to Sam for this post
Reply Quote
#9
Seems like a great idea. Just done it for our parents' homes.

As this alert is from now, onwards, how can you check for suspicious activity prior to the alert setup? Anyone know?

If you buy the 'register' entry for 3 pound, it only gives owner name and mortgage company name. What about other charges or dodgy loans. Anyone?

Thanks
2 users say Thank You to Archer for this post
Reply Quote
#10
You can't check in the past, they will shoot you an email if there's any suspicious activity.

Can't help with the rest but I believe if there's a mortgage against the property the loan would have to be approved by the mortgage company, IMHO.
I Heart Fuerteventura
1 user says Thank You to Sam for this post
Reply Quote


Possibly Related Threads...
Thread Author Replies Views Last Post
  Military check for rural property purchase Cotillo_Tom 1 488 21-06-2023, 08:07 PM
Last Post: TamaraEnLaPlaya
  Bought a property - What to do to comply with the necessary laws, taxes etc Jason W 20 9,353 13-08-2020, 04:34 AM
Last Post: Lexeus
  Non Resident Property Tax 2019 form Decho 17 9,546 15-11-2019, 03:58 PM
Last Post: MLA
  Selling a property Si Tie 23 10,924 07-12-2018, 12:16 AM
Last Post: Warriors

Forum Jump: