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Lenders should see original documents to cut down on fraud

I was interested to read that the National Fraud Authority and the Metropolitan Police have brought together all the key partners in the mortgage community to establish the Mortgage Fraud Forum.

But fraudsters have access to easy methods of obtaining false payslips, P60s, passports, and driving licences which are unrecognisable from the real thing. With the use of the internet these items can be easily obtained.

I am unsure how fraud using these items can be detected apart from lenders insisting on seeing originals of all items and at present they rely on advisers to certify items requested or don’t bother to even request these documents.

I would suggest that it is down to lenders to insist on obtaining original items in all instances but I can see that there would be serious resistance to doing this.

Paul Tolliday

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