A sad fact of modern life is that along with the many opportunities for learning and growth that the internet brings, it also brings opportunities for unscrupulous behaviour.
[LONDON, 25/04/19] Online fraud, for example, is now commonplace. One area fraudsters chance their arm is with mortgage transactions. Some try to pretend they are the buyer or seller to gain access to their funds or set up false identities to con people out of their hard-earned cash.
The Saracens Solicitors mortgage solicitor does all they can to make sure their clients don’t fall victim to mortgage fraud. And, for the Saracens Solicitors mortgage solicitor, they don’t care whether it’s a property worth millions or a low-cost one bed flat, they give the same level of care and service to all their clients.
So, how does the Saracens Solicitors mortgage solicitor protect their clients against fraud? The main way is that they get to know them. The Saracens Solicitors mortgage solicitor seeks to develop a friendly and open communication with clients, so, even if they are in another part of the country and they don’t meet in person, they recognise them. Whether that’s on the phone, by email or text, they know their client, so they would spot someone pretending to be them, trying to divert funds to their own account.
The Saracens Solicitors mortgage solicitor also does their due diligence when it comes to making the funds transfer. They never ask for bank details by email or text, they always ask for them over the phone, so it’s not possible for a hacker to find that information. The Saracens Solicitors mortgage solicitor also does background checks on the other party’s email address, to make sure they are who they say they are.
When it comes to making the funds transfer, the Saracens Solicitors mortgage solicitor checks that the account is viable by sending a small amount as a test, before transferring the larger sum. When the Saracens Solicitors mortgage solicitor does send the final amount to the seller, they check with the bank that the funds have been safely received.
The Saracens Solicitors mortgage solicitor protects their clients’ money throughout the conveyancing process.