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The real victims of fraudulent housing disrepair claims
Fraud increases in times of recession, and as the property market also suffers, Horwich Farrelly warns of a possible uptick in fraudulent housing disrepair claims. Yet, who really carries the brunt of it all after the paperwork has been filed?
The correlation between recession and the rise in fraud cases has been thoroughly documented in recent years. In particular, it was found that during the 2008 financial crash, the UK experienced a 2.1% fall in GDP, resulting in a 7.3% increase in fraud offences.
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