Legal News | 18.05.26
Property fraud — how buyers and homeowners can protect themselves
Property fraud is becoming increasingly sophisticated, and while cases remain relatively uncommon, sellers, buyers, and homeowners should all be aware of the risks involved during a property transaction.
Fraudsters may attempt to impersonate homeowners, intercept communications, or obtain money through fake bank details and forged documentation. Understanding the risks and knowing what steps to take can help reduce the chances of becoming a victim.
Remaining vigilant, checking communications carefully, and speaking directly with your solicitor if anything appears unusual can help reduce the risk of fraud and provide peace of mind throughout the transaction process.
Email and bank detail fraud
One of the most common scams during a conveyancing transaction involves fraudsters intercepting emails and sending fake bank details shortly before completion.
These emails can appear genuine and may look as though they have come from your solicitor or estate agent.
To protect yourself, always verify bank details by telephone using a trusted number (and not any contact details shown in the email) and be cautious of last-minute changes to payment instructions.
Identity fraud
Fraudsters sometimes attempt to impersonate property owners using fake identification documents. This is one reason why solicitors carry out strict identity and anti-money laundering checks during transactions.
Although these checks can occasionally feel time-consuming, they are an important part of protecting clients and preventing fraud.
HM Land Registry Property Alert Service
Many homeowners are unaware that HM Land Registry offers a free Property Alert service.
The service allows homeowners to monitor properties registered in England and Wales and receive email alerts if certain activity takes place on the legal title, such as applications to change ownership or register a mortgage.
The alerts do not prevent fraud from taking place, but they can provide an early warning sign that something may require investigation.
The service can be particularly useful for landlords, owners of vacant properties, people living abroad, or owners of mortgage-free homes.
Keeping your details up to date
Homeowners should also ensure that HM Land Registry has the correct correspondence address for their property. If you own a property but live elsewhere, it is important that official correspondence can still reach you promptly should the Land Registry need to contact you.
