DCSIMG

Mortgage fraud on the increase

CASES of mortgage fraud are expected to surge next year as more people try to misrepresent their finances.

Information company Experian predicts that 43 out of every 10,000 applications will be identified as fraudulent, an increase of 13 per cent on this year. It said almost 90 per cent of the fraud stems from people giving misleading information about their finances.

 
 
 

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