London has a thriving property market enjoying high demand. The rental market especially in housing is witnessing many scams as dishonest crooks posing as property agents dupe customers and flee with their money. The article educates all prospective tenants about such hazards and how they can avoid such scams.
The London property market is noted for its high demand especially for rentals. There are millions of facilitators and intermediaries like estate agents, property consultants and letting agencies assisting the customers. But many scams are also happening with many a potential tenants getting duped by fraudulent agents.
Therefore people looking to rent a property in London, be it a room, flat, apartment, or house, are better advised to be careful and keep their eyes wide open.
Too Many Crooks
The London property rental market has a fair share of sharks, crooks, cheats, liars and con men and woman. Given half a chance, they will rob you of money and you may never hear from them again.
Since countless fraudsters operate are involved in a variety of London property rental scams and the police unable to stop or even catch these fraudsters, care must be taken not to fall victim to the scammers and lose your hard earned money.
To get a glimpse of the kind of scams that are rocking the London property rental scammers, read news and blogs from the Internet. There are dedicated blogs you can read in Gumtree, Scams On Gumtree.
Tips to Avoid Fraud
A few tips will be helpful to rent property avoid the traps these frauds set for the customers of the property.
- If a property dealer mentions the dreaded words, Western Union, simply delete the email or hang up the phone. Do not bother or listen to another word they say. It will be a scam. Many people have lost money by passing money to agents without verifying a property.
- Never send money to anyone before you have seen the property satisfied yourself. No matter how desperate you are.
- Do not send money to companies who you think are not legitimate! Why should you pay for a property that you have never seen before.
Con Agents
Also watch out for leasing agents who charge an upfront fee for their services. The ploy is to advertise lots of cheap properties all over London on Gumtree and Craigslist and in tabloids.
So if you are looking to rent a property in London or in any city in the world, do your homework and research. Scammers know every trick in the book and that is why they in business and keep getting customers!
So be determined that you will not become prey to the scammers. If you are looking to rent flats in London, take care to avoid fraudulent agents and before dealing with them verify their credentials. Good luck
