Cases of mortgage fraud are expected to surge next year as more people attempt to misrepresent their finances or hide adverse credit histories.
Information services company Experian predicts that a total of 43 out of every 10,000 applications will be identified as fraudulent, an increase of 13% on this year and up 26% on 2011.
It pointed out that almost 90% of mortgage fraud tends to stem from individuals offering misleading information about their own financial and employment backgrounds.
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