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How much money is lost?

The story highlights the significant financial impact of this fraud, with victims typically losing £78,393 per case. This substantial sum reflects the nature of property transactions, where large deposits are common. The total loss across 140 reported cases between April 2024 and March 2025 would be a considerable amount, underscoring the severity of the problem.

Stories that explain this

Homebuyers warned about rising "Friday afternoon fraud" bank scams