Property owners are potentially at risk from the activities of fraudsters. This can be reduced by the use of Land Registry property alerts.
Why consider this service?
Since 2009, HM Land Registry has prevented 254 fraudulent applications being registered by fraudsters. Common attempts to "steal" property Include selling or mortgaging your property without your knowledge.
How the service works: -
It Is possible to monitor up to ten properties already registered with the Land Registry or those of a relative - you don't have to be the owner of a property to set up an alert.
An example of the type of fraud that can be countered by this service – as published on the gov.uk website - is reproduced below:
Mr Mills rented out his property in England while he lived overseas. He realised that absent landlords are more at risk of property fraud, so he signed up to our Property Alert service.
Sometime later he received an alert email informing him that someone had made an application to register a mortgage on his property worth over £300,000. As Mr Mills wasn’t expecting this, he contacted our property fraud line. As a result of Mr Mills alerting us to the fact that the mortgage request was suspicious, we investigated and prevented the application from being registered once we realised it was fraudulent. As Mr Mills’ contact details were out of date, we advised him to update them so that if we needed to contact him in the future, he would be sure to receive our emails or letters.
As a result of signing up to Property Alert, Mr Mills was able to spot suspicious activity on his property and his prompt action in alerting us meant we were able to stop the fraudulent transaction from being registered.
To set up an alert fill in the online application at https://propertyalert.landregistry.gov.uk/.
Basic terms and conditions of the service
Thank you for everything. The service, professionalism and effort has been above what would be expected. Thank you. Richard & Laura