New Data Reveals Young People Are Most at Risk of Rental Fraud

Avoid Rental Scams: How to Protect Yourself from Fraudulent Offers

Young renters are being urged to stay vigilant as new data from the National Fraud Intelligence Bureau (NFIB) reveals that people aged 18 to 39 account for nearly three-quarters of rental fraud cases. With the rise of fraudulent rental listings and fake landlords, it’s more important than ever to think twice before handing over money for a property.

Rental Fraud on the Rise

Fraudsters are taking advantage of renters by advertising properties that don’t exist or aren’t theirs to rent. Often, they lure victims in by offering below-market prices and requesting an upfront payment—such as a deposit or first month’s rent—before allowing them to view the property.

According to the NFIB, rental fraud losses amounted to nearly £9 million across 5,000 reported cases last year. The most affected age groups were:

  • 18 to 29-year-olds – 48% of all reported rental fraud cases

  • 30 to 39-year-olds – 25% of cases

With students and young professionals actively searching for accommodation during spring, fraudsters are looking for opportunities to exploit desperate renters.

How to Spot Rental Fraud

  • Unrealistically Low Prices: If a deal seems too good to be true, it probably is. Be wary of listings that are far below market rates.

  • Pressure to Pay Upfront: Scammers may rush you to pay a deposit or rent before you’ve seen the property. Never pay before a viewing.

  • Fake Photos & Listings: Fraudsters often steal images from real estate websites. Reverse-search images to check their authenticity.

  • Social Media Scams: Many fake rental ads appear on social media platforms. Be cautious and verify listings before engaging.

  • Requests for Bank Transfers: Be wary if a landlord insists on a direct bank transfer instead of secure payment methods.

Government Action & Fraud Prevention

The government is cracking down on rental fraud as part of its "Stop! Think Fraud" campaign. Fraud Minister Lord Hanson is calling for stricter protections on social media platforms, where many of these scams occur.

Commander Oliver Shaw of City of London Police emphasised the emotional and financial toll of rental fraud, stating:

"Young people are disproportionately targeted when searching for housing. The financial loss can be devastating, and the emotional stress can negatively impact mental health. It’s crucial that renters stay informed and report any suspicious activity."

Additionally, the National Cyber Security Centre (NCSC) has launched a campaign urging individuals to enable 2-Step Verification (2SV) to enhance online security. This extra layer of protection helps prevent fraudsters from accessing sensitive accounts.

How to Stay Safe When Renting

  • View the Property in Person – Never send money for a rental without physically inspecting the property and meeting the landlord.

  • Verify the Landlord – Ask for identification and proof of property ownership. You can also check if they are registered with an official rental scheme.

  • Use Trusted Platforms – Stick to reputable websites for property searches and avoid deals found on social media without proper verification.

  • Enable 2-Step Verification (2SV) – Protect your personal information and financial details by enabling 2SV on your online accounts.

  • Report Suspicious Activity – If you suspect a rental scam, report it immediately to Action Fraud (0300 123 2040) or Police Scotland (101).

Final Thoughts

With rental fraud on the rise, awareness is the best defence against scams. Stay cautious, do your research, and never rush into paying for a property before verifying its legitimacy. Protect yourself and spread the word—because a secure home starts with a safe rental process.

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