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Clarke & Son Blog

Property Transaction Scams

Property Transaction Scams

At Clarke & Son we do our utmost to protect your security throughout your property transaction.

Fraudsters scamming potential purchasers or sellers is unfortunately increasing, with new and innovative ways to hack into email accounts etc.

Clarke & Son WILL NOT email bank details to their Clients neither will we accept bank details via email

Remain alert and be aware of your own transactions.  Once a fraudster hacks into your email account they can obviously see all communications and any anticipated transactions.   Everyone leads extremely busy lives, particularly this time of year perhaps with school holidays, it is very easy to speed read an email and click!

A recent case concerning a purchaser whose email account had been hacked, the fraudsters could see from recent communications that an exchange of contracts in respect of their proposed purchase was imminent. The fraudster sent bogus emails purportedly from their “mortgage adviser” requesting payment of an arrangement fee.  The purchaser paid this.  The purchaser then received an email purportedly from “their solicitors” requesting transfer of 10% deposit funds to enable exchange of contracts to take place.  It was only then that the purchaser become suspicious, having only remitted the deposit funds to their solicitors 24 hours previously!

Please always carefully check the sender’s email address, if you are unsure or have any suspicions whatsoever always telephone the person who the email is purporting to be from on a telephone number known by you and not any telephone number listed in the email.

Our advice is:

  • Use anti-virus software
  • Use Strong Passwords and Change Them Frequently
  • Don’t Click on Strange-Looking Links
  • Back up Your Data Regularly
  • If in doubt seek advice from your solicitor

If you have a query or would like to book an appointment please get in touch with our First Contact team on 01256 320555 or email mail@clarkeandson.co.uk

Marie Pym

Residential Conveyancer

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