Banks Wary of Mortgage Fraud Risks ; Finance

Summary


The true scale of UK mortgage fraud Is coming to light as banks start to clamp down because of the credit crunch, a Birmingham fraud expert has said.

The news comes after five property fraudsters were found guilty of an pounds 80milllon Ponzl scheme - one of the biggest property scams In British history.

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Extract


Banks Wary of Mortgage Fraud Risks ; Finance

Mark Kenkre, a fraud and asset recovery work specialist at Midlands law firm Challlnors, said the global financial position had focused banks' minds on assessing the security on Investments, a step Increasingly exposing mortgag...

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