11 June 2008

Mortgage adviser pleads guilty to fraud

Gordon Benville, a mortgage adviser from Deal in Kent, has pleaded guilty to 16 fraud offences.

The FSA said he would allegedly ask clients to sign incomplete remortgage applications, telling them he would complete the forms for them as he had all the necessary information. Then he would enter false information, such as the applicants' salaries and occupation, according to the FSA.

In each case, a higher loan figure for the customer was entered than the one required by the client. He then told the client there had been a mistake and they should give him a cheque to return the balance to the lender.

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