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Fraud story could turn out to be the tip of the iceberg

When the story ’Glasgow man admits self-cert fraud’ (Mortgage Strategy Online) hits the national media it will cause a great deal of worry for thousands of mortgage applicants who may have done something similar.

There could also be blame attributed to brokers and this is likely to be just the tip of a fraud iceberg, with potential mis-selling claims associated with transactions involving self-cert lending.

KEVIN FRIEND

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Lenders should take a lot of the blame for mortgage fraud

After reading the story about a Glasgow man admitting to running up more than £250,000 in mortgage frauds via self-cert applications (Mortgage Strategy Online), I can only think there must be more to this story than meets the eye. Self-cert mortgages were widely available at the time and obviously this meant that lenders required no […]

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