There have been a number of cases recently where rogue tenants ‘sell’ the property they are living in and walk away with the proceeds of sale.
The tenants will hold themselves out to solicitors as owning the property by obtaining fake identity documents. The property is then sold, with the buyer obtaining a mortgage over the property – a property that they do not actually own.
If you are victim of this property fraud there presently appears to be little recourse against the solicitors, or any other third party. There are cases being heard by the Court of Appeal this year which may change the position but clearly it is vital that property owners are protected.
If you have any questions, please dont hesitate to
Laura Albon has been working in litigation for nearly 10 years. She works almost exclusively with property investors and agents across the whole country. She trained with the partners of Helix Law and has extensive experience in possession, service charge recovery, breach of covenant and commercial contract claims. She is able to pursue matters through the court and through The First Tier Tribunal (formerly the Leasehold Valuation Tribunal or LVT).
This article is written to raise awareness of the issues it discusses and it may not be updated after it is first written, even if the law changes. It is not intended to be legal advice and cannot be relied on as such. Helix Law is not responsible or liable for any action taken or not taken as a result of this article. If you think the matters set out affect you and you wish to apply them to your particular circumstances then we are happy to give you free initial telephone advice