Mortgage fraudster sentenced for cons totalling £200K
Summary
A man posing as a mortgage adviser was sentenced after defrauding four victims of more than £203,000 through false claims about mortgage deposits, charges and solicitors’ fees. He used contact with estate agents, mortgage advisers and solicitors to lend credibility to the scam, but none of the stolen money was recovered.
Why it matters
Residential property surveyors may encounter clients affected by mortgage-related fraud, particularly where transactions involve deposits, fees or third-party professionals. The case is a reminder to remain alert to unusual payment requests and to verify the legitimacy of parties involved in a property transaction.
Key points
- Fake mortgage adviser used adverts and false representations to target victims seeking new mortgages.
- Estate agents, mortgage advisers and solicitors were contacted to make the fraud appear legitimate.
- Four victims lost just over £203,436 in total, with no funds recovered.
- The offender had no financial qualifications and was sentenced at Chester Crown Court.
Organisations:
Cheshire Police, Chester Crown Court
Locations:
Barnton, Northwich, Cheshire, Chester
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