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Property Title Fraud & The Land Registry.. A Growing Problem..

This week I spoke with two property developers that had had their assets seized to the sum of a considerable amount jointly in the region of £5 Million. They along with others have contributed to the forthcoming release of the film Spank The Banker

What Banks have been doing alongside the regulators FSA and then FCA (They take no action therefore complicit) who chose not to act but ignore the facts and become complicit in a range of property confiscation stings covering the last twenty years. These are the early stages of a war on property ownership, landlords and homeowners.

How this works.

The Bank offers the individual a preferential deal on the debt part of the portfolio or home.

They then change the terms as its in the small print of the contract. This has happened to businesses too.

When they have engineered the individual into a position false documentation is created to get a title change at the Land Registry.

The land registry have now picked up on this and are beginning to identify the fraudsters.

Why its Relevant to All property owners?

Very shortly we will see that Mortgage Securitisation Claims will become a very interesting proposition for all home Owners in the UK with a mortgage.

Effectively the Banks have paid off 10.2 Million mortgages in the UK through following the wrong securitisation processes and not paying taxes to HMRC.

HMRC are in full knowledge of this but are complicit in the stings that are happening as they are also understood by the Treasury department under current Minister John Glen.

APPG Banking are aware also who lobby MP's to expose Banking issues in the UK.

These problems though go way back over decades and its part of a control mechanism that Banks have over Government. See ITNJ site for details.

This piece was prompted by the article Property Title Fraud.

Why is this relevant now?

The prevalence of identity fraud is at record levels. According to Cifas, the UK’s largest fraud sharing database company, 89,000 incidents of identity fraud were recorded in the first half of 2017.

This figure exceeds the reported incidents in the whole of 2008. Also, notably, the number of fraudulent loan applications increased by more than 50% year-on-year.

Against this backdrop, the Land Registry has been working hard to reduce the number of fraudulent property sale applications it registers.

As reported by the Financial Times in December 2017, the value of such fraudulent applications stopped by the Land Registry has more than tripled since 2013. In the period 2012-2013, it declined to register fraudulent transactions in the aggregate amount of just over £7 million.

Last year, this figure had risen to almost £25 million.

In September 2017, the Land Registry and Law Society released a joint note on property and title fraud. It recognised that the law might change in the next twelve months but, given the increase in this activity, considered it important to release further guidance to the solicitor profession.

The joint note recommends steps for solicitors to take to mitigate the risk of fraud..

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