council of mortgatge lenders

Fraud at building society

Chelsea Building Society announces fraudulent mortgages.

It was announced today that the Chelsea Building Society has been a victim of a huge number of fraudulent cases and has lost somewhere in the region of £41 million. The fraudulent cases have resulted in the building society remaining in the red with a recorded loss of £26 million overall loss in the half of this year, this is on top of a loss of £39 million last year.

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