Scammers ‘Making Millions’ Off Desperate Renters

With more and more tenants seeking out private landlords online and cutting out the traditional letting agent, scammers and bogus landlords have been making millions by targeting desperate renters. These scammers pose as landlords and post fake adverts on classified ad sites and other free-to-list platforms, then attempt to convince potential tenants to transfer a holding deposit or up-front fee – (often over £1,000) to secure the property without ever having seen it in person. New YouGov research from TheHouseShop.com shows that consumers are becoming more aware of the dangers and are now demanding better security checks on the platforms they use to search for property online. Read more on 24housing.