We have a holiday home occasionally used by the family but otherwise let to others.
I have read of cases where such properties are illegally mortgaged or sold without the owners knowledge.
Are there any precautions one can take?
Is buy-to-let a good investment?
You are wise to be concerned. Property fraud is increasing.
Assuming that your holiday home is in England, the Land Registry offer a free protection service where any attempt to sell, mortgage or change ownership details will trigger a warning email to you.
Go to their website at landregistry.gov.uk to sign up.
Disregard any land registry site that does not include ‘Gov UK’ as it will be a commercial site charging for what you can do free on the genuine Land Registry site.
How to become a landlord
Find out more with the Saga Equity Release Advice Service.
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