View more on these topics

Mortgage fraudsters sentenced to total of 7 years

A trio of mortgage fraudsters who used the proceeds of their crimes to fund a lavish lifestyle were sentenced to a total of seven years today at Maidstone Crown Court.

The actions of Dawn Simon, Peter Harvey and Daniel Wade were first brought to light in November 2011 after Harvey, 50, arrived at Sittingbourne Police Station to report that his partner Simon, 51, had used fraudulent methods to acquire her home using nephew Wade, 29, as a fake mortgage applicant.

In order to help Wade obtain a mortgage of £379,000 forged documents and payslips were submitted after which the property was occupied by Simon under a fraudulent tenancy agreement with Wade.

A subsequent investigation uncovered various other crimes by the trio, including benefits fraud, theft of personal details as well as mobile phones and jewellery.

All three parties were arrested in March 2012 and charged with four counts of fraud including benefit fraud, one count of conspiracy to launder money and one count of conspiracy to possess criminal property. A jury found all three guilty on 21 May.

On Friday 20 September, Simon was sentenced to serve three years in prison as was nephew Wade while Harvey was ordered to serve 12 months.


Farage says wrest control from EU

Ukip leader Nigel Farage says the UK must take back control of its financial services industry from the EU. In his speech to the Ukip annual conference in London last week, Farage called for the UK to leave the EU to stop the “shower of directives” from Brussels. European commissioner for internal markets Michel Barnier […]


Returning advisers must be up to speed

I have lost count of the number of times I have read about the impending death of the one-man band mortgage adviser. There have apparently been numerous cliff edges over which these individuals were supposed to have falling off over the years pushed by most notably mortgage regulation (of all kinds), the credit crunch, the […]


The Mortgage Mole

Kill! In April Mole revealed London brokerage Coreco had employed Brian the dachshund as a broker and he can still be found tweeting at @mortgagemuttLDN. And now Dorset-based outfit Positive Lending has had a similar idea with its employment of Dexter to handle payment protection insurance claims company callers. You are probably thinking what Mole […]

Govt sells 6% of Lloyds stake

The Government raised £3.2bn last week through the sale of around 6 per cent of its stake in Lloyds Banking Group to institutional investors. In a statement to the London Stock Exchange, UK Financial Investments – the company that manages the Government’s shareholdings in bailed-out banks – said it plans to reduce the size of […]

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]


News and expert analysis straight to your inbox

Sign up