Chloe, whose name has been changed, was one such first time buyer who was scammed out of £5,000 when she tried to transfer her deposit for a £195,000 two-bed flat in Birmingham. She was waiting for her solicitor to send her details for transferring her deposit.
So when she received an email with invoice and payment instructions a few days later, she thought little of it. Ms Ziegler also said: "Fraudsters prey on weaknesses in email security and exploit a conveyancing process that most people may only experience a handful of times in their lives.
"It's vital that solicitors also grasp the importance of educating their clients on the risk of this type of scam and make a point of sharing payment details in person at the start of the homebuying process." Heartbreakingly, Chloe paid the first instalment of her deposit to the fraudster.