Property fraud, how to prevent it and using the Land Registry property alert service
Property fraud occurs when an individual attempts to claim ownership of a home that another individual owns. A fraudster who is successful in this endeavour can take numerous actions, such as remortgaging or even selling the home.
Properties that are unoccupied, or where a landlord may be absent for whatever reason, are at particular risk. The new HM Land Registry property alert service has been set up in order to limit cases of fraud – all for free.
How the property alert service works
The award-winning system operates by way of allowing individuals to monitor up to 10 registered properties free of charge, whether that be your own properties, or the properties of friends and relatives.
Whenever certain activities occur for a registered property that you are monitoring, you will receive email updates, allowing you to take any necessary action required to ensure the security of the properties.
After signing up, you will also receive bi-yearly reports on the properties that you are monitoring, specifying any activity that may have occurred regarding those properties. Here is some more information regarding the free service:
- The property you want to monitor must be registered with HM Land Registry in England and Wales;
- You must have registered for a property alert account;
- Email alerts will be sent when searches and applications are made against monitored properties;
- Upon receiving an email, you should take action immediately;
- The email received will detail who you should contact to take further action;
- You do not have to own a property to monitor it;
- If you do not have access to the internet, you can use the service by calling the Property Alert team on 0300 006 0478.
The benefits of using the system
The service can be used by anyone who has a particular interest in any property but will be very useful for landlords who have unoccupied properties, or where they may be absent, for example, those who may be living abroad.
To register for an online account, go to propertyalert.landregistry.gov.uk
For further guidance on residential property, or if you feel you would benefit from legal advice surrounding your properties, contact Wajid Darr on 0117 971 6765, or via email firstname.lastname@example.org.