Sunday, Aug 19, 2007
Mortgage fraud in UK
Sunday Times: Home loan fraud hits UK
Chickens coming home to roost! Widespread fraud on mortgage applications is being investigated by the police around London. 11 people arrested already. And we dont have a sub-prime problem! We can expect more of this story in near future.
Posted by flapjack @ 11:57 AM (499 views) Add Comment
1 Comment
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1. enuii said...
Interesting Read and I suspect that this story is indeed the tip of the iceberg especially where apartment blocks (flats) are concerned across the UK as I cannot think of any other sector of the housing market that is as over-developed and chronically over priced as this one.
SUBPRIME UK HERE WE COME!