There’s a new warning to landlords purchasing properties about a spike in scams which have seen victims defrauded out of hundreds of thousands of pounds.
The Law Society of England and Wales has joined forces with the National Economic Crime Centre, which is housed within the National Crime Agency, and Action Fraud to issue flyers warning of the risk of payment diversion fraud.
Criminals are actively targeting property purchases, with the aim of tricking people into transferring over their house deposit and/or the balance of purchase monies to them.
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