| Rushbrook & Rathbone championing new property fraud prevention check A recent warning issued by The Metropolitan Police, reported fraudsters were stealing the personal details of landlords, whose properties are managed by letting agents, in order to sell your house or raise a mortgage against it. In response to this, Rushbrook & Rathbone, specialists in corporate relocation and tenancy management services, are advising landlords and absent owners to enter a new restriction on the title of their property in order to avoid such fraudulent activity. The new Form LL, launched by the Land Registry at the start of this month, allows landlords to enter a free restriction requiring a solicitor or conveyancer to certify they are satisfied that the individual selling or mortgaging the property is the true owner. Sarah Rushbrook, Managing Director of Rushbrook & Rathbone comments: "No property should ever be brought to market without those still liable for selling it, carrying out a Land Registry check to see who will be on the deeds. However, complex fraud cases are becoming increasingly prevalent with the use of the internet, so landlords should be seeking expert advice on best practice to prevent such scenarios. "The new Form LL is a great and simple solution to what could become an increasingly common problem as more and more people turn to the rental market to offer a solution to their changing circumstances. "We deal with a large number of relocation cases where properties may be managed vacant or tenanted and these varieties of properties are at greatest risk so we will advise absent owners to put these restrictions in place as an additional preventative measure."
Rushbrook & Rathbone championing new property fraud prevention check |
Friday 24 February 2012
Rushbrook & Rathbone championing new property fraud prevention check
