Tag #Mortgage Fraud

Showing 25 to 26 of 26 results

bbc.com

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Apr 8, 04:11

Leeds New-Build Apartment Buyers Lose Deposits Due to Devaluation

In Leeds, UK, first-time buyers lost deposits totaling over £21,000 on new-build apartments after mortgage lenders refused applications due to property devaluation, citing location and excessive buy-to-let investments; the buyers allege high-pressure sales tactics and inadequate legal advice.

Leeds New-Build Apartment Buyers Lose Deposits Due to Devaluation

In Leeds, UK, first-time buyers lost deposits totaling over £21,000 on new-build apartments after mortgage lenders refused applications due to property devaluation, citing location and excessive buy-to-let investments; the buyers allege high-pressure sales tactics and inadequate legal advice.

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52% Bias Score

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Reduced Inequality

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What immediate financial impact did the devaluation of new-build apartments in Leeds have on prospective buyers?

In Leeds, UK, several buyers lost their deposits totaling £21,000+ on new-build apartments due to mortgage refusals after the properties were devalued. The affected buyers claim high-pressure sales tactics by North Property Group and inadequate legal advice, leading to significant financial losses.

bbc.com

🌐 85% Global Worthiness

Jan 31, 07:09

Fire Safety Certificate Fraud Causes Mortgage Withdrawals

Adam Kiziak, an expert under investigation for potential malpractice, is accused of using another engineer's credentials to sign fire safety certificates for UK high-rise flats, causing lenders to withdraw mortgage offers and leaving buyers in limbo; his company, Tri Fire, issued 410 of 1139 EWS1 ce...

Fire Safety Certificate Fraud Causes Mortgage Withdrawals

Adam Kiziak, an expert under investigation for potential malpractice, is accused of using another engineer's credentials to sign fire safety certificates for UK high-rise flats, causing lenders to withdraw mortgage offers and leaving buyers in limbo; his company, Tri Fire, issued 410 of 1139 EWS1 ce...

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36% Bias Score

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Peace, Justice, and Strong Institutions

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How did the lack of an official EWS1 register contribute to the current situation, and what are the broader systemic implications for fire safety in the UK?

The actions of Adam Kiziak, whose company Tri Fire issued a significant portion of EWS1 certificates, highlight flaws in the system for verifying fire safety in high-rise buildings. The lack of an official register for EWS1 certificates makes it difficult to track and verify their authenticity, leaving buyers vulnerable. The incident also underscores the potential impact of individual actions within the construction and finance industries on the broader housing market and consumer trust.

Showing 25 to 26 of 26 results