HMRC / Lender Mortgage Verification Scheme

Introduction

The mortgage verification scheme (MVS) opens to all lenders to join from 1 September 2011. It is a joint initiative between HMRC and mortgage lenders to combat fraudsters, by the limited exchange of data in cases where mortgage lenders have reasonable suspicion that a mortgage application is fraudulent.

The scheme allows lenders to check income information submitted on a mortgage application form against HMRC records, using a secure electronic platform.

Please note that only lenders themselves are able to enter into this scheme with HMRC. Therefore, detailed information about the scheme is available to lenders only.