CML slams police fraud figures

The Council of Mortgage Lenders last week slammed a police report for failing to make the case that mortgage fraud is now worth £700m. While the CML says it welcomes the Association of Chief Police Officers’ report entitled Safe as houses? Organised mortgage fraud in the UK, it says ACPO’s £700m figure does not stack up. As the report’s results are based on responses to questionnaires by police and lenders, the CML says it is likely some double counting was involved.