Mortgage fraud involves fraudulent obtainment of a loan secured on a property. Details provided to the lender are in some way false and as a consequence the mortgage is authorised. Typically this can involve false income and/or employment details, a false valuation of a property, misleading the lender as to occupancy and failure to disclose other liabilities (including other mortgages).
Substantial mortgage fraud investigations can lead to targeting not only the investors but professionals, such as solicitors, accountants, financial advisors, mortgage brokers etc, being dragged into the investigation of potential criminal proceedings.
Our expert Criminal defence Solicitors have successfully defended defendants accused of mortgage fraud. It is a usual Police tactic to charge defendants with multiple counts and one of the counts will be a mortgage fraud. The Police often review mortgage applications in the hope that an error has been made. It is this error which gives rise to the offence of mortgage fraud as the Police will say, that the defendant had misled the lender and therefore benefited from criminal conduct. Our defence Solicitors will review the mortgage lending criteria and it can usually be evidenced that the mortgage would have been offered despite the erroneous error in the mortgage application.