A sharp rise in rental market competition is fuelling a surge in tenancy application fraud, according to new data.
An analysis by tenant referencing firm Goodlord found a staggering 140% increase in fraudulent applications between 2022 and 2023.
Fraudulent tenancy applications have quadrupled in the last two years, according to new research.
Referencing agency Homelet says they have seen a surge in fake tenancy applications receiving nearly 200 per day.
According to the 2020 Fraud and Corrupt…
The NRLA have teamed up with a property fraud service to help protect landlords from tenant subletting.
Title Guardian monitors Land Registry title documents and other digital sources and is designed to meet the rising threat of property fraud for lan…
Landlords and property owners can now protect themselves from tenant sub-letting and property fraud with a new service called Title Guardian.
The service monitors various sources, such as sales and letting portals and government databases, where prope…
Fraudsters are placing fake listings adverts online in a bid to cash in on the lack of supply in student accommodation, according to new data.
Figures from Action Fraud, reveal there were 5,751 reports of rental scams last year
Landlords are among those most at risk of fraud, according to a new report.
A report by Thirdfort has identified the top eight types of property most at risk from property fraud.
Data from the Credit Industry Fraud Avoidance System (CIFAS) reveals iden…
Hello, a large London letting agent found and gave a glowing reference for a tenant, so we took her on. They stated that she was in a £90,000 pa job. It transpired that she was out of work.
They stated that she had only been late paying rent by one day…
There’s never been a tougher time for the private rented sector (PRS) with demand soaring and stock dwindling tenants are struggling with finding a place to live.
This leaves tenants battling it out for properties but some face extreme vetting procedu…
The rental sector has long been a leading target for fraudsters, criminals and money launderers with previous research estimating that 5% of all rental stock is being let to criminals.
Ocasa, the specialist rental platform, says that equates to 279,497…
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