Mortgage application cheats … get ready to be rumbled | Money | The Guardian
Lying about your salary in order to get a bigger mortgage has just become a whole lot more risky.
This week saw the launch of a scheme to combat home-loan fraud which will see the taxman getting involved in cases where the bank or building society thinks there is something fishy about the income someone has declared on their application form.
Anyone tempted to inflate their salary – or even submit fake payslips or bank statements – when applying should be aware that, if they are rumbled, they could find themselves being investigated and possibly prosecuted for fraud.
Probably the "least worst" outcome is that their application will be refused and their homebuying plans thrown into chaos
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