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Internet threat of false ID

Forged personal documents readily available on websites could fuel fraudulent mortgage applications warn providers.

Money Marketing has seen a website – replacementdocuments.com – that offers credible-looking documents including passports, birth certificates, replacement bank statements and statements of cancellation of debt judgments. A package that includes pay slips, a P60 and references can be bought for £350 from the site.

Lenders do not have a uniform approach to identification requirements for mortgage applicants. Most require a P60 and pay slips but some will ask for further identification.

The FSA is working towards streamlining customer identification. The ID working group recognises electronic verification instead of or in addition to documentary evidence as a useful way of accessing personal information held in one source.

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