Wednesday, April 18, 2012
Mortgage fraud up for fifth year in a row
The number of fraudulent mortgage applications made increased by 8% last year, the fifth year in a row that mortgage fraud has increased in the UK. For every 10,000 mortgage applications in 2011, 34 were fraudulent, according to data from credit reference agency Experian. This compares to just 15 in every 10,000 applications in 2006.