How the SBS Helps Lenders

The Safe Buyer Scheme Helps Mortgage Lenders by:

1. Protecting a lender from losing their registered security charge when lending against a bogus sale – unbeknown to the lender, the buyer and their conveyancer as this fraud is undetectable

2. Preventing significant reputational damage caused by high profile media coverage

3. Preventing criticism by the Financial Conduct Authority for failing to protect vulnerable customers from poor outcomes