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Lloyds Bank warns of worrying rise in UK conveyancing fraud

A general view of a for sale board by residential town houses on May 26, 2024 in Southend-on-Sea, United Kingdom.
Photo: John Keeble/Getty Images

Increasing numbers of UK homebuyers have been targeted and tricked into sending their property deposit to fraudsters.

Analysis by Lloyds Bank of conveyancing scam reports, made by its own customers, found that homebuyers are being targeted by criminals hacking emails to exploit the conveyancing process.

Increasing numbers of homebuyers have been tricked into sending their property deposit to fraudsters, said the report. In the second half of