"Poor work has prompted millons of disputes"
More than 2,000 householders a day have a row with builders and decorators – with many forced to turn to the courts or trade bodies to help them resolve their problems.
According to the latest findings from a Which? survey, 2.4 million people have complained about tradesmen in the past three years. Continue reading 2.4 Million Homeowners Row with Builders Over Shoddy Work
Thank you to Susanne, a landlord known to us via the Property tribes forum, for sharing the following story with us.
Please share this story with your tenants (or landlords if you are a property professional) and indeed your friends and family. We have a number of convenient sharing options including email, facebook and Twitter at the foot of this article.
Susanne’s email was as follows:- Continue reading SCAM ALERT – please tell your tenants and landlords
A mortgage adviser who stole buy to let landlord’s identities to con lenders out of £3 million has started a five year jail term. Continue reading Mortgage fraudster stole landlord IDs to con lenders
Police are looking for Hothomes UK's owners
Police are seeking a letting agent who has disappeared owing landlords and tenants hundreds of thousands in rents and deposits.
Hothomes UK, based in Plymouth, is believed to manage around 2,000 rented homes and losses could mount up to £500,000 or more.
One landlord claims he is owed £4,630 in rents collected but not paid by the business. Others have received cheques that bounced and tenant deposits have been collected but not protected. Continue reading Rogue letting agent closes owing clients up to £500,000
Buy to let property investors are set to challenge collapsed property firms Inside Track and Instant Access Properties over misselling claims.
The action group is led by Tamsin Banks, 51, who alleges she lost around £400,000 over seven property deals with the companies in Manchester, Spain and Florida. Continue reading Property investors mount Inside Track legal challenge
Landlords are regularly falling victim to rogue letting agents who suddenly shut up shop and take their money and run.
The two most common scenarios are a letting agent facing business difficulties closing down with money owing to landlords and tenants or some who are plain thieves milking their business bank accounts for as much as they can before they are caught. Continue reading What to do if your letting agent goes bust
A property investor set up a web of false identities as ghost tenants at shared houses as part of a huge bank and credit card scam.
Paul Reppion, 49, funded buying two flats and two buy to let houses from his eight-year crime spree that involved 32 false identities, 200 credit cards and 50 bank accounts. Continue reading Landlord conman had 32 false identities
Three landbanking scammers were disqualified as directors after they sold worthless farm plots at hugely inflated prices with the fake promise of planning permission
They traded as directors company Land Strategy, which went in to liquidation in July 2009 owing £78,900.
Kevin Hilton of Crosby, Merseyside, Lynne Hilton of Burscough, Lancashire and Darren Butt of London were disqualified from managing or being a company director for 12, three and a half and 12 years respectively. Continue reading Directors banned for £3 million landbanking con
Fraud investigators are warning landlords to watch out for crooks trying to cheat them out of cash.
The overseas gangs are targeting buy to let and holiday let landlords with variations of a common fee scam.
The fraudsters will contact landlords to make a corporate booking – often for a charity or religious organisation. Continue reading How property crooks cheat landlords out of cash
Buy to let landlords and first time buyers are in the firing line as the main perpetrators of mortgage fraud.
Credit scoring firm Experian is warning mortgage brokers and lenders to watch out for false mortgage applications after the number of fraud cases has doubled in the past five years. Continue reading Brokers warned about buy to let mortgage fraudsters