For Singapore-based investors, letting properties in the UK is one of the best ways to make a steady income. But a long-distance landlord job can be challenging. Research by independent letting and sales agent Benham and Reeves has highlighted the increasing number of fraudulent lettings applications by rogue tenants in the UK.
The research found that the number of false applications being detected by their team had already increased by 117% so far this year when compared to 2018 and the number of false passports being used had also increased notably.
Marc von Grundherr, Director at Benham and Reeves, discusses how to prevent and handle rogue tenants who can potentially ruin your investment.