We must support the police and kick out fraudsters

The recent announcement that the Metropolitan Police is to appoint 50 specialists to focus on mortgage fraud is a poor reflection on the state of our industry.

Most practitioners are of a high calibre and honest but sadly, the growth of the industry during a 15-year boom has allowed criminals to take advantage of process failings.

Now, rather than debate the scale of the problem, we should accept that all fraud is unacceptable and concede that the police having to step in highlights our own failings.

Bringing criminals to justice can only be in the long-term interests of mortgage professionals.

All those interested in securing a mortgage industry that applies best practice rather than one that needs police action should call on the FSA, the CML and all other industry practitioners to support the police and drive out the criminals.

Vic Jannels
Chairman
All Types of Mortgages
By email