Wednesday 5 July 2023

Fraudsters are targeting homebuyers with fake mortgages

The latest wave of gift card scams involve fraudsters impersonating one of your email contacts and asking you to buy a gift card for them as a favour.

Action Fraud has warned about a rise in mortgage scams at a time when rates are soaring. In the past two weeks alone, it has received 538 reports of fake emails from supposed mortgage lenders.

The emails claim to offer low-rate mortgages on limited-time deals and include links to check your eligibility or get a personalised rate. However, these links lead to fraudulent websites designed to steal your banking information.

See our examples of mortgage scams currently circulating and protect yourself from falling victim.

Cheap mortgage scams

Source: Which? (27 June 2023)

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