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£7m Mortgage Scam Rocks Midlands

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A number of lenders and mortgage brokers in the West Midlands are reported to have fallen victim to a £7m mortgage scam.

The perpetrators are thought to be a group of solicitors based in East London who in one instance managed to con almost £600,000 from an unsuspecting broker.

Birmingham-based newspaper the Sunday Mercury reported on Sunday that pensioner Barbara Moody had her £750,000 Birmingham home refinanced by the fraudster without her knowledge. BM Solutions is reported to be one of the lenders caught up in the scam.


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Ok.... own up! Who left the White Elephant in the room? :lol:

... What you mean he has invisible friends too. When are they making an appearance? :ph34r:

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Suspect we are going to see an awful lot more of this kind of thing in the coming months and years. I daren't think how rich some people must have become off all this easy credit.

None of this surprises me at all. The FSA just sat by and let all this happen. Mortgage Fraud and LIAR LOANS have been absolutely the "NORM" for at least 5-7 years. We ain't seen anything yet. This is huge.

Edited by eric pebble

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  • 293 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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