Property Investors Solicitors Regulation Authority concern over fake solicitor

SRA warn property investors over unregulated solicitor

SRA warn property investors over unregulated solicitor

Buy-to-let property investors are being warned to always be on their guard when they receive emails offering investment properties at discounted prices.

The latest warning has come from the Solicitors Regulation Authority (SRA) which says that the scammers are claiming to be from Swift Properties and the legal work is alleged to be being handled by a firm called Tams & Co Solicitors.

The SRA has been informed that property investors are being sent emails claiming to be from Swift Properties providing a list of BMV properties that can be purchased subject to a reservation fee and investors are being requested to send the reservation fee to Tams & Co Solicitors.

The SRA does not regulate or authorise a firm called Tams & Co Solicitors.

Therefore any business transactions involving Tams & Co Solicitors is not being undertaken by anyone authorised or regulated by the Solicitors Regulation Authority.

The bogus firm uses the following information:

          601 Regents Street, London W1B 2QD                        email info@tamsandco.co.uk

          telephone number 020 7127 4172                                website http://www.tamsandco.co.uk

Any information about or dealings with Tams & Co Solicitors, particularly if it involves the payment of money, should be immediately reported to the police.

Affected investors can also report the matter to the SRA via fraud@sra.org.uk

Property investors should always conduct thorough due diligence during all aspects of a property purchase transaction, research all parties who will have access to your (or other peoples) money throughout the process, if you discover information that needs clarification, ask for it!

Do not proceed if there is any aspect of the transaction that you are not happy with, and above all DO NOT part with money unless you are happy to proceed.

Due diligence is always in your best interests and is worth the time and effort it requires.

 

Read the MyPropertyPowerTeam.co.uk guide to due diligence – Click Here

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