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Non Housing - But Could Save You A Mint

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Hope the mods can give this post a little airing on the main board where it is likely to get most views. As fraud seems to be increasing at an alarming rate this is yet another thing to be aware of, I'd not heard of it specifically before and knowledge of a potenital problem could save somebody an awful lot of money when dealing with banker's drafts. A quick phone call is all it needs to prevent the potential loss of £1k's if not £10k's.


Private sellers beware - banker's drafts might not be what they seem, writes a Telegraph Motoring reader (who wishes to remain anonymous)


I have since learned that the London branch of the high street bank that the draft was made out against has had nine fraudulent banker's drafts submitted for payment since May of this year. All have been of a similar value to mine and most appear to have been used to obtain BMWs and Mercedes-Benzes.

I have also learned that one way to avoid this sort of fraud is to ask the purchaser, before the handover and more crucially during banking hours, for the issuing bank's sort code and the banker's draft number, and then call the bank to confirm that the draft has been legitimately issued, and to whom.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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