Letting agents warned after identity theft hits 'epidemic levels'

Letting agents warned after identity theft hits 'epidemic levels'

Rent4sure is urging letting agents to take care after it was revealed that identity theft is at ‘epidemic levels.’

The report, by UK anti-fraud organisation Cifas, said people in their 30s were the most targeted group, with identity frauds taking place almost exclusively online.

A total of 89,000 cases were recorded in the first 6 months of the year, a 5% rise on the same period last year and a new record high. There has been a sharp rise in ID fraudsters applying for insurance products, telecoms, loans and online retail.


IT and Products Director, Jack Webb-Heller, said: “At Rent4sure we follow stringent procedures to make sure an applicant is genuine.

“If a letting agent uses our checks appropriately, and uses all the guidance and recommendations we offer plus their usual checklist, it would be a big step forward in the battle to stop people fraudulently renting properties.”

“Our system not only checks the address and name that applicants provide but also cross matches these against all the previous addresses and relevant information linked to that credit profile.

“We have a specially designed range of referencing services that work in tandem to ensure an identity isn’t stolen, which allows agents to choose the right product to cover any situation.”

Join our mailing list:


Comments

  1. sean bentonsean benton01 September 2017 19:51:54

    Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent activity in letting properties.Thanks for sharing this article.

    Reply to this comment

Leave a comment



Latest Comments

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

view article
maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

view article
maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

view article
zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

view article
Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

view article
Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article
Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article

Related stories

More articles from Finance