A 41-year-old Todmorden man has been told he could be jailed after he admitted fraud and deception.
Jason Hyde, of Watty Lane, admitted two allegations of obtaining money transfers by deception relating to false representations about his salary on mortgage applications.
Hyde is said to have claimed he was earning £75,000 a year when he applied for two mortgages worth more than £400,000.
At Bradford Crown Court Hyde also admitted three fraud charges, one of which involved a claim he had been the victim of a burglary.
Recorder Graham Hyland QC granted Hyde bail until his sentence on July 4, but warned him that all options, including custody, would be available.
Lisa Hyde, 39, of the same address, had a verdict of not guilty recorded in her case after she denied doing an act tending or intended to pervert the course of justice.
Recorder Hyland was told the prosecution was offering no evidence against her and a third co-accused, Anthony Friend, from Slough.
Friend had denied involvement in the mortgage scam offences with Jason Hyde.