Conveyancing Fraud: UK Homebuyers Warned of Friday Afternoon Bank 2026

Conveyancing fraud is a serious threat to UK homebuyers, often occurring at the final stage of a property purchase. This scam, sometimes called "Friday afternoon fraud," involves criminals intercepting email communications to redirect deposit payments to their own accounts.

How Conveyancing Fraud Works

Fraudsters gain access to email chains between homebuyers and their solicitors or estate agents. They may hack into the solicitor's email account or trick the buyer into revealing login details through phishing. Once inside, they monitor the conversation and wait for the right moment to send a fake payment request with new bank details.

The scam is called "Friday afternoon fraud" because it often happens at the end of a sale, timed before a weekend when banks are closed and the buyer is eager to complete. The urgency makes it less likely that the buyer will verify the details.

Statistics and Impact

According to Report Fraud (formerly Action Fraud), there were 3,657 cases of payment diversion fraud in the 2025-26 financial year, costing victims £101 million. Conveyancing fraud is a subset, with 140 property cases recorded between April 2024 and March 2025, averaging a loss of £78,393 per victim. In one extreme case, a buyer transferred £300,000 to the wrong account.

This type of fraud is not limited to purchases. Renters and probate transactions have also been targeted, as reported by the City of London police.

Spotting the Red Flags

Be wary of any email that asks for payment earlier than expected, or that provides new bank details. Legitimate solicitors rarely change their bank details without prior notice. Check the email address carefully for subtle misspellings or domain changes.

Always verify payment instructions by calling your solicitor directly using a known phone number, not the one in the email.

Comparison: Legitimate vs Fraudulent Payment Request

How to Protect Yourself

• Always confirm bank details by phone using a number from a trusted source.
• Set up a secure method of communication with your solicitor, such as a verified portal.
• Never click on links in unexpected emails; type the URL directly.
• Use two-factor authentication for your email accounts.
• Report any suspicious activity to your bank and Report Fraud immediately.

What to Do If You've Been Targeted

If you suspect you've been a victim, contact your bank immediately to try to stop the transfer. Then report the incident to Report Fraud and your solicitor. Time is critical, as funds may be moved quickly.

Consider legal advice to recover your money, though recovery is not guaranteed. Prevention is the best defense.

FAQ

Stay vigilant and always double-check payment details. Conveyancing fraud can be devastating, but with awareness and careful verification, you can protect your deposit and your home purchase.