Worries that mortgage fraud not being identified
Summary
New Freedom of Information data suggests the FCA opened only one mortgage fraud enforcement investigation in 2025, down from three to four annually in the previous three years. The article links this decline to wider concerns that fraud is becoming more digital, AI-enabled and harder to detect, despite new government measures in the Home Office Fraud Strategy 2026–2029.
Why it matters
Mortgage fraud can affect transaction integrity, lender risk and the reliability of documentation used in residential property deals. Surveyors involved in valuations, due diligence and transaction support should be alert to the growing use of forged identities and documents.
Key points
- FCA opened one mortgage fraud enforcement investigation in 2025.
- This compares with three to four cases per year in 2022–2024.
- Home Office Fraud Strategy 2026–2029 acknowledges fraud is becoming more digital and technologically advanced.
- Experian and Cifas reports cited in the article indicate rising mortgage fraud risk and AI-enabled forgery.
- Thirdfort argues professionals need technology that can keep pace with evolving fraud methods.
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