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Mortgage lenders report fraud on the rise
halight
Posts: 3,629
Forumite
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6695319.ece
A rush for cut-price property by bargain-hunting buyers has led to an increase in fraudulent mortgage applications, with the number of inflated salary claims soaring.
:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
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Comments
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I doubt mortgage fraud is on the rise, it's been at a constantly high level for the last 7 years, it's just that now the banks seem to be more bothered about taking notice of it. An example of this is I applied for two different mortgages with two different lenders over that period, and even though I didn't lie, I could have done, as P60's and wage slips were not even looked at.0
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