The Land Registry has opened a hotline for homeowners who fear that their property may be subject to a fraudulent sale or mortgage. The hotline is the latest in a series of initiatives by the Land Registry to try and combat fraud within the property market. When you buy property your solicitor applies to the Land Registry to register that property into your name. In that application your solicitor will verify that they acted for you and that they have checked your identity.
Empty, tenanted or mortgage-free properties are most often targeted by fraudsters. If you have property that falls within these bands you may wish to protect your investment by means of a restriction on the title to the property. This restriction will read:-
“No disposition of [the registered estate or the registered charge dated (date) referred to above] by the proprietor [of the registered estate or of that registered charge] is to be registered without a certificate signed by a conveyancer that he is satisfied that the person who executed the document submitted for registration as disponer is the same person as the proprietor.”
This means that no mortgages or sales can take place with regard to the property, without your solicitor signing a certificate to say that you are the one who has executed the documents to complete the transaction. This protects you in the event that someone else tries to forge your signature in order to carry out the fraudulent transaction.
Rebecca Gunn specialises in Employment law, Commercial Property & Residential Property and is a solicitor in our Leicester office.
For more information about protecting your property please contact our Property Team on 0116 2665394.Talk to our legal team
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