Fraudulent applications for mortgages increased by eight per cent in 2011, marking the fifth consecutive year in which the rate of mortgage fraud has increased, according to research published today by Experian.
Around 34 in every 10,000 applications for mortgages were found to be fraudulent in 2011, compared to just 15 in every 10,000 in 2006.
More than 90 per cent of attempted mortgage fraud in 2011 was down to individuals misrepresenting their personal information on applications.
Typically, these first party fraud...
