Property conman scammed bank and government to buy £138k home

Raza Hussain admitted forming a fraudulent scheme to obtain funds. The Crown plans lodge proceeds of crime action.
A property conman scammed the Scottish Government into handing him nearly £50,000 and duped a bank into giving him another £82,800.
Raza Hussain used false documents to con the bank and Government into handing him money to buy a £138,000 house in Perth's Glengarry Road.
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The 31-year-old appeared in the dock at Perth Sheriff Court on Monday and admitted obtaining a total of £131,100 by fraud.
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Hussain, from Fairies Road, Perth, admitted forming a fraudulent scheme to obtain funds by applying for a 'Shared Equity Loan' from the Scottish Government.
He admitted obtaining that cash and a further loan from the Swindon-based Nationwide Building Society as he carried out the fraud between 1 July and 26 September 2019.
He admitted forging and uttering bank statements, providing false information about his income, and making false pretences about his personal circumstances to both organisations.
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Hussain admitted obtaining a loan of £48,300 from the Scottish Government and a loan of £82,800 from the Nationwide Building Society by fraud. He admitted using fraudulently obtained funds to buy 37 Glengarry Road.
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The Crown accepted his not guilty pleas to further charges of conning the Bank of Scotland into handing him £72,750 to purchase 37 School Road in Aberdeen, and duping Santander Bank into giving him £101,600 to buy 29 Glenlochay Road in Perth.
Fiscal depute Emma Farmer said full details of the scam would be given to the court at a later date and she confirmed that the Crown would be lodging a proceeds of crime action against Hussain.
Sheriff William Wood deferred sentence for reports, granted Hussain bail, and said: "Because of the nature of the case it is important for the court to have a proper narrative of the facts."

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