Fake land developer sentenced for mortgage fraud

Fake land developer sentenced for mortgage fraud


A Kent-based businessman who lied about his job and income to take out two large mortgages has been handed an 18 month suspended sentence at Maidstone Crown Court. 

Kent News reported that 36 year-old Robert Fuller told lenders that he was a land purchaser and developer who earned £95,000 a year, in order to secure two money transfers of £266,000 and £80,000.


In reality, Mr Fuller worked as a self-employed director of an internet company, which imported electronic golf carts. Investigation revealed that his income was stated as £24,000 in his tax returns.


Obtaining a money transfer from the Derbyshire Building Society in 2006, Mr Fuller applied for a loan of £266,000 to buy a property with a purchase price of £332,500. He provided false occupations and “grossly exaggerated his income”, according to the court.


In July 2007, the Kensington Mortgage Company gave him a mortgage advance of £80,000 to buy an £100,000 property that Mr Fuller said that he would let.


Again, he provided false information about his occupation and income.


Sentencing him, Judge Joy called him a “dishonest person”. Mr Fuller must now complete 250 hours community service and pay the £700 court costs.


A Proceeds of Crime Act hearing has also been scheduled, which may look to confiscating the businessman’s assets.

Leave a comment