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Mortgage fraud made possible with fake payslips from the Internet

December 19, 2009 by admin  
Filed under News, News-Mortgages

1 Comment

Mortgage fraud is an issue that has been at the centre of a crackdown in the UK, with the difficult mortgage conditions that have been seen over the past couple of years resulting in a surge in mortgage related activity. An investigation was recently carried out by a national newspaper, the Observer, with one of its reporters finding out just how easy it can be to commit mortgage fraud.

One of the issues relating to mortgage fraud that has caused a great deal of controversy relates to verification of income for any mortgage applicant. In the past many lenders were said to be lax when it came to verifying income information from applicants, but the crackdown has meant that an increasing number of lenders have been under pressure to ensure that they carry out proper checks when it comes to the income of any applicant.

This in turn has put increased pressure on consumers, and some that have been unable to prove their income have been turning to alternative measures to try and get the mortgage that they want.

The Observer reporter explained that she had been able to quickly and easily order very genuine looking fake payslips from the Internet, which could potentially be used to commit tens of thousands of pounds worth of mortgage fraud. She said that all she had to do was type ‘fake payslips’ into the search engine to be given a range of options.

She went on to state that she had ordered the fake payslips with just a few clicks of the mouse, and had received the fake documents in just a few days. All she had to pay for this information was £35, and she added that she only had to provide a few basic details to order the payslips with ease and convenience.

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Comments

One Response to “Mortgage fraud made possible with fake payslips from the Internet”
  1. FHA Mortgage FHA home loan says:
    January 3, 2010 at 5:47 pm

    They are really cracking down on mortgage fraud now.

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