A Critical Insight into Increasing Incidents of Fraudulent Activity in Mortgage Commitments in the United Kingdom Since 2020

The UK economy has been facing huge levels of mortgage fraud since the COVID pandemic. This has not decreased and, in fact, has increased over the last five years due to various geopolitical eco-social conditions that the world has been facing. This paper analyses the various reasons for increased mortgage fraud and attempts to set up regression equations of independent variables to understand their impact on rising fraudulent activity in this sector. It also delves into the spread of AI technology, making it easier for fraudulent activities to persist. The continuous pressure on controlling inflation has impacted growth adversely, making fraudulent mortgage activity more attractive.