Mortgage Fraud seems to be  in the spotlight again.  The Chelsea Building Society has reported that it lost £26 million in the six months to June, after it provided £53 million in the accounts for impairment, of which £41 million was the result of buy to let fraud.  Chelsea has identified that there are cases within its buy to let mortgage book where fraud has occurred. This relates primarily to lending during the period 2006 to 2008 and is mainly as a result of the artificial inflation of property values by third party professionals involved in the transactions.  The Mortgage Express back-to-back days have well and truly disappeared (not forever hopefully!).  I feel clients may now have to consider leaving deposits in for at least 6 months, or possibly look at alternative ways of creating deposit money.