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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 As Mr Mills’ contact details were out of date, we advised him to update them so that if we needed to contact him in the future, he would be sure to receive our emails or letters.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.
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#2
Something like this never even occurred to me. Thankfully we no longer own a property in the UK.
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#3
Not happening very often but it must hurt really bad if something like this happen.
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#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 ??
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#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.
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#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.
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#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??

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#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.
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#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?

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#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.
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