BGN Entrepreneur

The value of mortgage fraud in 2007 reached 700 million pounds. As the economic crisis deepened and regulators clamped down on rogue businesses, the number of financial firms forbidden to practise by the Financial Services Authority rose by more than 50% in 2008.
The City watchdog has just banned a record number of firms that sell [...]

Figure shows that the number of mortgage fraud had grown vastly as the financial downturn unfolded. Crooked mortage deals running to more than 1 billion poiund are being investigated by police fraud squads.
Buy-to-let fraud typically involves a syndicate of property professionals collaborating to inflate the value of properties that are then bought for less than [...]