(a) to Lender D in April 2008 , stating that he was employed by a packaging
company with a “Total Gross Annual Income” of £37,147; and
(b) to Lender C in July 2008, stating that he was employed in catering with a
“Gross annual salary” of £38,555.
4.16. This information conflicts with information provided to the FSA by HMRC from its
records for Client Z, which state that Client Z was employed by a packaging company
until May 2008, (when he left this employment), with an income of £22,564.01
(2007/8) and £7,494.21 (2008/9) on a PAYE basis.
Fact find
4.17. You submitted the above mortgage applications despite being in possession of a fact
find, completed by you, for Client Z on 19 March 2008, which recorded that his
income was in fact £22,587. This income was consistent with the income on what
appears to be a genuine payslip belonging to Client Y dated April 2008 for a gross
monthly pay figure of £1,861.98 (an annual income of approximately £22,343.76)
which was attached to his application to Lender D in April 2008 and certified as a true
copy of the original by you. This would indicate that you were aware of Client Z’s
true income and employer and therefore knowingly distorted and inflated that
information in the application forms to Lenders C and D.
4.18. The mortgage application to Lender D for Client Z was rejected by the lender on the
basis that the income stated for Client Z, £37,147 in the mortgage application form
(albeit with his true employer being accurately stated) was not consistent with the
monthly income stated on the payslip provided with the mortgage application to
Lender D.
False wage slip
4.19. Further, the FSA has reviewed correspondence between you and another company
which demonstrates that you took active steps to adduce false evidence to support the
fictitious employer and inflated salary for Client Z. This correspondence included:
(a) a memo from you to that company dated 10 July 2008, requesting to receive a
payslip for June 2008 for Client Z for what would appear to be a false income
and employer, when compared to HMRC records for the same month;
(b) a copy of a payslip, dated 30 June 2008, containing the details stated in the
memo dated 10 July 2008; and
(c) an invoice from that company to you dated 7 August 2008, which included a
charge of £20 in respect of Client Z.
4.20. A copy of the false payslip was certified by you as a true copy of the original and
submitted with Client Z’s mortgage application to Lender C in July 2008 (completed
in August 2008), in support of the income declared in that application of £38,555.
Conclusions
4.21. Despite being fully aware of the actual income and identity of the employers of both
Client Y and Client Z, you knowingly submitted mortgage applications providing
false and contradictory information to lenders in relation to both their incomes and
employers, in order for them to obtain, or attempt to obtain, mortgages.