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04 April 2012 / Kevin Dick
Issue: 7509 / Categories: Features , Fraud , Property
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The housing racket

Kevin Dick follows the fight against conveyancing fraud

A recent story on Mail Online (ìFamily forced out of dream home after lawyers run off with their £400,000 life savings they used to buy property, 19 March 2012) carries a salutary reminder (if any were needed) that the risks facing house buyers can have very heavy consequences.

Requiem for a dream

The article quotes the case of an unsuspecting couple who fell foul to the greed of a highly unscrupulous solicitor in a conveyancing transaction that went spectacularly awry and robbed them of their dream home.
 
Everything seemed to be going well. The transaction was completed and the couple moved into their new home. Six months later, it transpired they owned nothing. The solicitor acting on behalf of the seller (who had also conveniently omitted to disclose the fact that the seller owed the bank huge sums of money) had absconded with the £400,000 the couple had paid for the property, forcing the buyers to vacate their home and leaving them with
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MOVERS & SHAKERS

Flint Bishop—Charlotte Harris

Flint Bishop—Charlotte Harris

Sheffield expansion continues with appointment of commercial property partner

Browne Jacobson—Paul Duggan

Browne Jacobson—Paul Duggan

Browne Jacobson strengthens banking and finance practice with latest partner appointment Paul Duggan

Ward Hadaway—Chris Piggott

Ward Hadaway—Chris Piggott

Employment partner joins Ward Hadaway

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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