City of London police has reported a 72% increase in cases of financial fraud, largely driven by a jump in mortgage scams over the previous year.
The force said allegations of mortgage fraud had reached double figures and were one of the largest areas of activity for its officers.
The Royal Institution of Chartered Surveyors is investigating 10 complaints of valuation fraud, several of them in conjunction with the City police.
Last week Chelsea Building Society became the second lender to be hit by mortgage fraud after Bradford & Bingley said it was the target of criminal gangs. Chelsea estimated its losses at £41m.
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