Senior surveyor'over-valued' houses in£10m property scam | Letting Agent News: Industry News | Residential Letting Software | Rentman
A senior surveyor married to a police officer is said to have taken part in a £10m mortgage scam in exchange for cars and money.
Mary-Jane Rathie, on trial at the Old Bailey, allegedly overvalued a string of five upmarket London properties in return for gifts of more than £1m from a woman known as Joanne Pier.
Pier used the valuations to secure mortgages from the Bank of Scotland. Altogether, Pier – who has since vanished – obtained £10m of mortgages, of which £9.5m relied on Rathie’s valuations.
In return, Rathie, 43, was said to have received £900,000 in cheques and money transfers plus a Bentley Continental and a Range Rover Sport.
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