Fraud has become more common over recent years, particularly in the property sector. Property owners who let their properties are at a high risk of their property being charged or even transferred without their knowledge. This can be done with forged identity documents for example.
It is therefore important for property owners to ensure that contact information at the Land Registry is always up to date, so that if an attempt is made to deal with their property in any way, the Land Registry are able to make contact with them.
The Land Registry have recently introduced a new system to help protect property owners against fraud. The system is known as “the Property Alert (Beta) Service”. Property owners who sign up for the service will receive email alerts when official searches and applications are made against the property being monitored. This will allow property owners to take immediate action against any application which they have not consented too. Any property owners who are not in occupation of any part of the property should take advantage of this service.
More information is available at http://www.landregistry.gov.uk/public/property-alert
For further information please contact James Alger on 0114 2521412 or firstname.lastname@example.org