Solicitors play a crucial and most trusted role in the transfer of property in the UK. Criminals will try to exploit the professional services offered by solicitors to enable them to engage in mortgage fraud.
Even where a solicitor is unaware of the fraudulent activities of their client, they may find themselves criminally liable because of the wide definition of fraud in the Fraud Act 2006 and the extensive offences under anti-money laundering regulations.
The Law Society is committed to assisting solicitors in protecting themselves and their firms from being exploited.
With media reports suggesting that the housing market may slowly be picking up and banks becoming willing to lend a little bit more, do solicitors still need to be on their guard for mortgage fraud?
Hear about the latest methodologies and how you can protect your firm from being involved in mortgage fraud in our webinar, which was recorded on 9 November 2011.
This case highlights the liability of partners in firms where mortgage fraud has occurred and their ability to claim against individual employees who have been actively involved in the fraud.
The Conveyancing and Land Law Committee is part of our Legal Affairs and Policy Board.
It reviews and promotes improvements in all branches of land law, conveyancing procedure and other related matters.
It also develops and implements a strategy to help the profession to adapt to anticipated changes in the conveyancing market and to promote solicitors as the leading providers of quality conveyancing services.
Further information and contacts