A mother and son already in prison after mortgage fraud have been ordered to repay nearly £3m within six months or face longer jail terms.

Wendy Stubbs, 62, and Wayne Stubbs, 45, of Chislehurst, Kent, were sentenced to three years and six years imprisonment respectively last December, after they obtained mortgages by lying about their income and employment.

They had used funds obtained from loans to trade in the property market and used the proceeds of successive transactions to buy further properties, which were then rented out.

At the time of conviction they owned two flats in Notting Hill generating a substantial rental income which was never declared, as well as a seven-bedroom house with cinema room and swimming pool in Chislehurst bought after they applied for a £1.2m mortgage.

At their trial last year, it was said that both the Stubbs had massively overstated their incomes on mortgage applications.

On one, Wendy Stubbs claimed to be earning £120,000 as a financial consultant when in reality she was on State benefits.

Her son claimed to be a high-earning unit trust dealer, but had not paid tax or National Insurance since 1995.

Prosecutors said that Warne Stubbs was behind each and every one of the pair’s fraudulent purchases, and that he had lived “under the radar, with no income” as far as the tax authorities were concerned.

At Woolwich Crown Court last week, a judge ordered Wayne Stubbs to repay nearly £1.7m and his mother to hand over £1.1m.

Garry Crone of the National Crime Agency, which brought the pair to justice, said: “Wayne Stubbs and his mother built up a huge property empire based on fraud and deception.

“This order means that in addition to serving substantial jail sentences for their crimes, they will not be able to enjoy the lavish lifestyle they had funded with their criminal assets.”

Wendy Stubbs faces another six years in jail and her son another five if they do not hand the money over within six months.