Text for CQS CPMS Policy
CQS Policy: Unencumbered Property
Purchase this policy: Mortgage and Property Fraud Prevention Policy
- Change date
- 20/11/2023
- Word count
- 60
- Deployment measure
- 7/10
Rationale
Important addition or section emphasising the need to pay careful attention to transactions where the property is unencumbered. Firms may wish to adapt their onboarding or pre-completion checklists (such as COMPLETIONmonitor) to ’red flag’ such matters
All staff should be extra vigilant on matters where the property is unencumbered due to a recent increase of property hijacks on such properties. Please be extra alert regarding the
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