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Mortgage broker banned for fraud

Started by propertyfag, July 08, 2008, 08:49:47 AM

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propertyfag

Seems as though mortgage brokers are really starting to feel the pinch with the extreme slowdown in mortgages. So much so that one particular broker, Sadia Nasir, a director of Ilford-based London Mortgage and Financial Services, submitted her own details to help 4 of her clients get mortgages.

She also submitted seven mortgage applications containing false information about her own employment and earnings, with these supported by falsified documents including payslips, financial statements and accountant's certificates.

She's been banned from trading, and fined a 6 figure amount. It said the six-figure fine she received aimed to take back the profits she had made from the fraud, as well as to deter other brokers from submitting fraudulent claims.

Naughty, naughty, Sadia!

more here