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Another house stolen

Another house has been stolen

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The shocking news of yet another house fallen prey to property fraud

On 6th October 2012, we told you the horror story of a teacher in Hove whose house had been stolen.

Rather concerningly, another similar occurrence took place in Luton recently (August 2021), when a reverend returned home to discover his house had been sold and new people had moved in! This incident is currently being investigated, but, according to a BBC report, it is thought that the house’s legitimate owner’s identity had been stolen, and a new bank account set up to receive the proceeds of the sale of the house.

While such horrifying occurrences are few and far between, great care of one’s personally identifiable details should be exercised at all times to limit the unlikely, albeit very real, risk of falling victim to such a scheme.

What can you do?

We strongly recommend that you take advantage of Property Alert, the FREE service provided by HM Land Registry, which will help protect you from property fraud, by notifying you if something similar is about to happen to your property (you will need to create an account and then add the property you wish to monitor).

HM Land Registry say:

Since September 2009, HM Land Registry has prevented 254 fraudulent applications being registered, representing properties valued in excess of £117m.

It is worth spending a few minutes setting up a Property Alert account, especially if you live outside of the UK, as absent landlords are more at risk of property fraud.

To discuss your property related matter, get in touch

The information contained in this article is believed to be correct at the time of publication. The content of this article is intended to be a brief summary of the principal points of the legislation or proposed legislation only, and it is provided for general guidance only. It may not take into account subsequent changes in the law and of necessity it omits much detail. Taxation is a complicated subject and is subject to change. You should only rely on advice prepared specifically for you. Neither the writer nor Landlords Tax Services Ltd can be held liable for any loss arising from any act or omission by you as a result of your understanding of this article. If the subject matter is of interest you should contact us to see if there is a relevant update, and to take professional advice which takes into account your circumstances.

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