Property investor charged with 12 counts of forgery and fraud

A Buckinghamshire-based property investor has been charged with fraud and forgery offences that affected more than 50 victims.

Phillip Martin, 41, was formally charged at Milton Keynes Police Station on 28 November, with nine counts of fraud by false representation, one count of forgery and two counts of fraudulent trading.

The charges are linked to incidents between March 2009 and December 2010, during which time numerous reports emerged from people claiming to have invested in a property company, into which they had placed financial deposits. The investors claim they then received neither the portfolio nor a refund of their deposits.

Separately, between July 2013 and February 2014, Martin is alleged to have made a series of false representations to solicitors acting on behalf of a mortgage company, as well as to a County Court relating to a property in Little Linford.

Martin was first arrested on suspicion of fraud in July last year and is due to appear at Milton Keynes Magistrates’ Court on 12 December.


west brom

West Brom’s maximum loan rises to £1m

West Bromwich Building Society has increased its maximum loan size from its current limit of £500,000. The lender will consider loans of £1m at an LTV of up to 75 per cent, while at 80 per cent LTV the maximum loan size has increased to £750,000. There is no change for loans up to 90 […]


The Mortgage Mole: Right place, wrong time

Right place, wrong time Mole thinks Mortgage Strategy editor Paul Thomas is cracking under the pressure of manning the news desk on his own while reporter Devraj Ray attends his cousin’s wedding in Goa. Thomas has had a long-standing joke with Building Societies Association head of policy Paul Broadhead after the policy guru turned up […]


Steve Webb keen to meet trade bodies for follow-up on affordability assessment fears

Pensions minister Steve Webb is to meet mortgage trade bodies to urge lenders to abandon their “unintelligent” approaches to pension contributions when assessing borrowers’ affordability. Mortgage Strategy reported last month that some lenders take pension contributions into account while others do not. Brokers said this is pushing them to consider advising borrowers to stop their […]


Bank approvals fall by a fifth in October

Banks approved 19.4 per cent fewer mortgages in October than they did a year earlier as they continued to feel the effects of the MMR. According to British Bankers’ Association figures published last week, banks approved 61,097 mortgages in October, a sharp fall from the 75,849 loans approved in the same month last year. The […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Phil Martin 3rd December 2014 at 12:40 pm

    In this wonderfully civilised and evolved country of ours, we enjoy a fair and balanced criminal law system.

    Based on the accused being:

    1) Innocent until proven guilty


    2) Guilty only when found guilty beyond all reasonable doubt.

    I welcome the correct process of law and justice, which will prevail.

    Phil Martin

  • Julian Stevens 1st December 2014 at 6:26 pm

    If he was an FSA-registered adviser, this’ll probably mean yet another additional FSCS levy on the rest of us.