Save Money - Cheap Conveyancing Quotes from UK Solicitors and Licensed Conveyancers

Save yourself hundreds of £££s! FREE instant online conveyancing quotes & fees for you to compare now

No hidden fees. Fully transparent, detailed conveyancing quotes

Fully transparent quotes - no hidden fees. Full breakdown, all inclusive, fixed fee conveyancing quotes

Save Time and Money and Compare Conveyancing Quotes Online Instantly

Saving YOU time when looking to calculate your conveyancing fees. Compare prices from nationwide property solicitors instantly!

UK Nationwide Solicitor and Conveyancer Coverage

UK Nationwide Coverage from Solicitors & Licensed Conveyancers based in England, Wales, Scotland & Northern Ireland

Fully Regulated Conveyancing Professionals

All of our online conveyancing quotes are provided by SRA Regulated Solicitors & Licensed Conveyaners across the UK. You are safe knowing your property Sale, Purchase or Remortgage is being handled by a Residential Conveyancing Expert.

There's been a considerable uptick in conveyancing fraud over the years. With the passage of time, cyber criminals are getting more savvy. The global coronavirus pandemic bringing the world to uncertainty has allowed a window to open for innocent people to be victimized.

One of the biggest targets for fraudsters are people looking to purchase homes going through the conveyancing process. This is due to the high costs and figures involved that people put up in order to make payments on the house they want. There's tens of thousands of pounds involved with putting down a deposit alone. Third party costs and legal fees bring on even more spending from homebuyers.

Since things are particularly stressful at the time, fraud is not necessarily something that comes into consideration. That said, it should be, especially since the Solicitors Regulation Authority (SRA) reports that conveyancing fraud victims lose an average of £101,000.

The Scams

When an unscrupulous person gets information about a property sale or purchase, it's usually because they stole personal information. It allows them to intercept emails between conveyancing solicitors and buyers that is then used for nefarious purposes—usually for making money.

The usual conveyancing fraud case sees the buyer getting contacted by the scammer just as the purchase is ending. Most of the time, it's under the guise of solicitor impersonation. The fake solicitor will then ask for the completion monies, deposit, and/or other fees from the buyer. All of that will then end up being placed into the bank account of the scammer. When the guise is finally revealed and the real solicitor and/or buyer finally figure out it was all a ruse, it will be too late. The money-and the fraudster-will be long gone.

As previously mentioned, sophistication is now a quality of conveyancing fraud. Recently, there was a high-profile case wherein a fraudster conducted a fake sale. What they sold was not their own property, it was someone else's! They did this through using the real owner's TV licence and driving licence for two solicitor firms and a buyer that they were the genuine owner.

Since they seemed legitimate enough, the buyer ended up transferring £1.1 million to the scammer, who had the solicitor move the money to China before completely vanishing. By the time the buyer was trying to register the purchase, HM Land Registry flagged some issues within the transaction. It was only when that happened that the scam was finally uncovered, much to the buyer's distress and chagrin.

COVID-19 and Conveyancing Scams

The Law Society gave a warning back in April 2020 that the coronavirus pandemic's uncertainty gave cyber criminals and fraudsters a rather unique window of opportunity. Communication via email is at an all-time high between conveyancers and buyers, heightening the risk of interception. Since the national lockdown restrictions have been unpredictable and change constantly, many buyers want to close on transactions as quickly as possible. This sense of urgency can lead to some rather evident fraud signs being overlooked entirely. Granted, some signs are more subtle than others, but this is why taking the time to go over details is crucial. In these situations, having a high sense of awareness can make all the difference.

In order to help restart the housing market post-lockdown, a Stamp Duty holiday was recently introduced to help people. Unfortunately, the big wave of buyers incoming that will be looking to find their new home is bound to attract fraudsters. High alertness needs to be in order.

How to Tell If You're Victim to a Conveyancing Scam

The point of contact for conveyancing scam victims and fraudsters is through email. That means it's vital to take the time to read each message thoroughly, asking questions about anything that raises suspicion. It's possible that you will end up questioning a genuine email or three—and this is fine, because caution is better than the potential consequences. No solicitor will feel negatively towards any client looking to protect themselves.

The emails themselves can serve as an indicator of a scam being under way. It's key to look out for the following:

  • Different tone than previous correspondence with solicitor

  • Grammatical errors

  • Spelling mistakes (sometimes this can manifest as a typographical error or two, sometimes it's far more blatant)

  • Uncommon words

Also, if something feels off when it's read, the buyer should act on that gut feeling as well and look into it.

Aside from signs that can be determined through email, there are other possible red flags:

  • Bank details that are different from what was used before to send the solicitor funds

  • Different salutation than previous correspondence ("Dearest Sir/Madam" instead of "Good morning, [buyer name]")

  • Odd requests, like an urgent need for funds to cover additional unexpected costs that weren't discussed prior)

  • Requests for personal information with no discussion or reason for needing such

  • Sender's e-mail address mismatching from what's on the solicitor's website

  • Sender rushing things along and having a seemingly dire need for their request to be accomplished

Key tips for ways to avoid conveyancing fraud and stay protected include:

  • Avoiding money transfers for matters that are urgent

  • Calling the solicitor for confirmation regarding requests, bank details, and/or invoices

  • Comparing sender email address with previous solicitor emails

  • Determining the security measures of a solicitor

  • Ensuring exchange of sensitive information like bank details between solicitor and buyer through post

  • Having a complete understanding of the entire conveyancing process, costs and payment schedule and all

  • Trusting gut feel if something feels off

  • Using the solicitor's online payment portal if there is one available.

Conclusion

Conveyancing is a rather detailed process, which is why it typically has buyers involving a solicitor. Given the uncertain state of the world and the volatile real estate market, there's been an uptick in conveyancing fraud. This is largely due to communication between the buyer and solicitor happening over email, which is something that fraudsters tend to intercept.

Typically, fraudsters steal personal information online and commit identity theft. They pretend to be the buyer's solicitor and convince them to transfer money allegedly for additional costs related to the purchase to their account. As soon as the money has been transferred, the fraudster then vanishes into thin air with the stolen funds.

To avoid falling for this scam, it’s crucial to consider each interaction with your supposed solicitor carefully. Confirm personal information requests, bank details, and invoices; use the online payment portal of a solicitor if such an avenue exists; and exchange sensitive information like bank details over post instead of through email.

Trying to find a conveyancing solicitor in the UK? Check out Conveyancing Calculator today! We provide instant online residential conveyancing quotations using our trusted and accurate conveyancing fees calculator.

 

Looking for Conveyancing Advice?

Feel free to give us a call ...

Phone 0330 043 1202

Or visit our Frequently Asked Questions (FAQ's).

Our Conveyancing Quotes

Conveyancing Calculator offers YOU choice and allows you to make an informed decision. You can compare conveyancing fees and costs from countrywide solicitors and conveyancers throughout England and Wales.

Conveyancing Calculator offers ...

 

Find a Conveyancer that is approved to work with your Mortgage Lender Panel

Find a Conveyancer that is Approved & Authorised to work with your Mortgage Lender

If you are looking for a mortgage lender conveyancing panel solicitor, Conveyancing Calculator, will search for a conveyancer that is authorised and approved to work with your lender. Make sure your conveyancer can work with your chosen mortgage lender.

 

Compare Now - Saving YOU time and money!

Conveyancing Calculator is here to save YOU time and money on your conveyancing costs and fees. We are constantly scanning the conveyancing market for good quality solicitors and licensed conveyancers that are ready to help you with your move!

  • FREE Quotes
  • Local Conveyancers to YOU
  • Nationwide Coverage
  • Fixed Fee Quotes
  • Fully Detailed Quotes
  • Compare Prices & Start Saving

Calculate your Conveyancing Fees with Solicitors & Conveyancers that are local to YOU

With nationwide coverage, we have solicitors situated throughout the UK in England, Wales, Northern Ireland & Scotland.

Find a Conveyancer & Get a Quote

Our Reviews

Why pay more for good quality conveyancing? Conveyancing Calculator have helped thousands of people saving time and money when looking for residential conveyancing quotes.

Don't just take our word for it, take a look at some of these reviews from our happy home buyers, sellers & remortgagers.