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Mortgage Verification Scheme costs lenders £14

Tags: Market-Matters

Sep 22 2011

Any mortgage lender who wishes to use the Mortgage Verification Scheme to check applicants income stated on mortgage application forms, must pay HM Revenue & Customs £14 plus VAT - per case - to cover HMRC's costs.

The National Fraud Authority estimated the cost of mortgage fraud to be £1 billion last year.

September 22, 2011

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Mortgage Verification Scheme costs lenders £14

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