11 September 2009
Solicitors and other third party professionals have been implicated in a £41 million buy-to-let mortgage fraud.
Solicitors and other third party professionals have been implicated in a £41 million buy-to-let mortgage fraud which pushed Chelsea Building Society to a £26 million loss for the first half of 2009.
Chelsea said the loss was the result of solicitors, valuers and other professionals artificially inflating the value of property between 2006 and 2008. This is “definite criminal activity”, a spokesperson said. The building society is now trying to recover its money.
