LAND REGISTRY PROPERTY ALERTS
Posted on Thursday, December 6, 2018
Property Alert is a free property monitoring service, supplied by HM Land Registry, aimed at anyone who feels a registered property could be at risk from fraud.
Once you have signed up to the service, you will receive email alerts when certain activity occurs on your monitored properties, allowing you to take action if necessary.
The service helps people to detect fraudulent activity on their property by sending them email alerts when there is certain activity on the property being monitored, such as a mortgage being taken out against it. The recipient can then decide whether they think the activity is suspicious and act quickly if so. The alert email tells them who to contact should they be concerned.
Alasdair Lewis, Director of Legal Services at HM Land Registry, said:
"Property is usually our most valuable asset so it’s important to protect it from the ever-increasing risk of fraud. HM Land Registry is doing all it can to detect and prevent fraud but no system can be 100 per cent fraud-proof, which is why we urge people to follow our advice about protecting themselves from property fraud, including signing up for Property Alert."
Property fraud is where fraudsters try to “steal” a property, most commonly by stealing the homeowner’s identity and selling or mortgaging the property without their knowledge. They then disappear with the money leaving the true owner to deal with the consequences.
Since 2009, HM Land Registry has stopped fraud on properties worth more than £92 million.
How Property Alert Works:
You can monitor up to 10 registered properties in England and Wales. You will receive email alerts when there is certain activity on the properties you are monitoring, such as an application to change the ownership details.
Although Property Alert won’t automatically stop fraud from happening, it’s a useful early warning of suspicious activity which the home-owner can investigate if they are suspicious.
To enquire about any of our property services, click here and get in touch with us!
Award Winning Estate Agent & Letting Agent in Woking, Surrey, GU21. We are experts in selling & renting residential property in Woking & surrounding areas.