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Law Society to warn Mortgage Solicitors

The Law Society and the National Fraud Strategic Authority (NFSA) have joined forces to protect solicitors from becoming embroiled in cases of mortgage fraud.

The collaboration, which was agreed at the end of last year, will see practice notes being sent out to all solicitors later this month (14 March) detailing warning signs and steps solicitors can take to protect themselves from becoming involved in mortgage fraud.

The initiative comes after the Solicitors Regulation Authority revealed it was investigating up to 60 solicitors on suspicion of mortgage fraud.

Official figures suggest that complaints against solicitors resulting from instances of mortgage fraud have risen significantly in recent years, from 85 in 2004 to a new high of 293 last year.

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