Tag Archives: Scam

London Housing Solutions Rips off Landlords and LHA Buy to Let News, Cautionary Tales, Latest Articles, Property News, UK Property Forum for Buy to Let Landlords

This report from Channel 4 investigates London Housing Solutions, a Rent to Rent company which is believed to have ripped off over 100 landlords for more than £400,000. London Housing Solutions Rips off Landlords and LHA

Advice from Property118 is that if you are contemplating renting your property to a Rent to Rent company then make sure you ask them to use a contract which has been drawn up to protect your interests by an independent solicitor (see below). Ask for the directors of the company to provide personal guarantees and ask an accountant to run some checks for you on the financial viability of the company you will be dealing with. Search the name of the company on Google followed by the word “scam” or “complaints” and read everything you can find. Sometimes the darkest secrets may be buried and will not be found on page one of the search results. If in doubt, walk away and talk to a professional letting agent about letting your property through more conventional channels.

Order the "Rent to Rent" lease contract template

  • Price: £ 97.00

Property hijacks prompt fraud alert from the FSA Buy to Let News, Cautionary Tales, Latest Articles, Lettings & Management, Mortgage News, Property Market News

Financial watchdog is alerting landlords to watch out for property hijacking by fraudsters and crooked mortgage brokers.

The Financial Services Authority has circulated the warning to all small financial advice firms in the UK to pass on to clients. Continue reading Property hijacks prompt fraud alert from the FSA


Is your name listed in the fraudster’s phone book? Cautionary Tales, Financial Advice, Latest Articles, Property Investment News

Property investors targeted by fraudsters are about to receive a letter or email from financial watchdogs warning them crooks are trying to con them out of cash.

More than 75,000 names are on a secret scam list recovered by the Financial Services Authority (FSA) in an operation against firms selling worthless investments. Continue reading Is your name listed in the fraudster’s phone book?


Crooked landlord admits stealing student deposits Buy to Let News, Cautionary Tales, HMO's & Student Lets, Latest Articles

A university had to take on extra staff to deal with complaints about a landlord who stole deposits on student housing.

Detectives claim 18 theft charges admitted by Tariq Zaman, 42, at Leeds Crown Court were just a ‘representative view’ of the money he stole over several years letting houses in multiple occupation (HMOs) owned by him and his family in the city. Continue reading Crooked landlord admits stealing student deposits


Buy to let property scam netted £450,000 Buy to Let News, Cautionary Tales, Latest Articles

A sham property investment company that conned landlords out of £450,000 has been wound up by the Insolvency Service.

Modo Homes Group lied to investors about selling repossessed properties on behalf of banks and building societies – and demanded fees from landlords to arrange viewings. Continue reading Buy to let property scam netted £450,000


Buy to let fraudsters target landlords and letting agents Buy to Let News, Cautionary Tales, Latest Articles, Property Market News

Police are warning about fraudsters who are ripping off landlords and tenants by posing as bogus letting agents.

Scotland Yard detectives are looking for those behind two scams.

In the first, tenants pay over a deposit and first month’s rent on buy to let homes that are already let. Continue reading Buy to let fraudsters target landlords and letting agents


Landlord and his Lover Conned £20,000 in Benefits Buy to Let News, Cautionary Tales, Latest Articles

A landlord moved his tenant lover in to his home while she carried on fraudulently claiming benefits for his buy to let.

The pair conned the local council out of £20,000 in housing benefits, council tax and income support.

Mandy Huskisson, 44, pleaded guilty to four fraud offences at Runcorn Magistrates Court. She was given a six-month community order and ordered to repay £19,661 in overpaid benefit. Continue reading Landlord and his Lover Conned £20,000 in Benefits


Fight Fraud by Taking your Property Ex-Directory Buy to Let News, Latest Articles, Lettings & Management, Property Market News

Live away property owners are urged to go ‘ex-directory’ in an anti fraud campaign by the Land Registry.

In a bid to stop crooks hijacking property titles for mortgage scams or bogus sales, the Land Registry has scrapped fees for a special service restricting lawyers from accessing information. Continue reading Fight Fraud by Taking your Property Ex-Directory


Property Fraudsters Scammed £1.8 million in Mortgages Latest Articles, Mortgage News, Property Market News

Directors of a property investment company scammed almost £1.8 million in mortgage loans against homes worth around just £960,000 by passing off false valuations to a bank.

Ring-leader Mahmood Anwar Yaqub was banned from acting as a company director for 15 years by a judge at Birmingham County Court after an investigation by the Insolvency Service. Continue reading Property Fraudsters Scammed £1.8 million in Mortgages


‘Rescue Schemes’ Closed Cautionary Tales, Latest Articles, Property Investment News, Property Market News

Nine Leeds-based companies have been shutdown after they preyed on investors already duped by landbanking scams.

Each company claimed to be able to return some of the money lost on specific plots of land and investors bought shares. They were found to receive no influence in return; instead the money was used to pay salaries, leaving the company with no means of succeeding in its aims. Continue reading ‘Rescue Schemes’ Closed


Property Forum and News website where UK landlords and letting agents share best practice