NetRent Social Media (5)

Database reveals huge spike in letting fraud

Attempted fraud has risen steeply within the letting sector in recent months, according to CIFAS, the fraud prevention database.

Data from the service reveals a 34% increase in identity fraud over the last nine months, with false applications rising 45% during the same period.

Previous research conducted by identity verification provider Credas found that rogue tenants cost £34,797 in lost rent, legal fees and damage to properties.

Click here to read the full article

Share this…