Rental fraud up 92%

The latest stats and we love a good stat here at Property Hawk ..... from the Office of National Statistics no less reported that rental fraud has increased by 92% over the last two years.  Rental fraud is where someone purporting to be a Landlord or Letting agent deceives unsuspecting tenants into parting with money and paying for upfront fees relating to say a non-existent property.

The ONS has estimated that rental fraud now amounts to £755 million per year.  There have been over 315,000 cases of rental fraud in the last few months equating to £2,394 per victim.

The moral of this story is that not only 'caveat emptor' or buyer beware renters need to be pretty wary too!

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