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Book AppointmentTenancy Fraud – report identifies scammers and their tricks
A tenant referencing PropTech firm claims the lettings industry is facing a growing threat from fraud.
Homeppl claims 60% of all the cases flagged via its technology in 2024 were in London, with the west of the capital being particularly prone to this crime.
Manchester is the second-highest fraud area representing just under 10% of cases, followed by Surrey (7%) and Essex (6%). Birmingham, Sheffield, Dublin, Portsmouth and Glasgow also appear.
And it says the average monthly rental value targeted by fraudsters was £2,517, with falsified incomes averaging £85,945.Some 94% of fraud cases involved fake documents, with doctored bank statements being the most common tactic. Landlord Today
