The buyer's solicitor will often be instructed by the lender to act for the lender in connection with the grant of the mortgage. Similarly a seller's solicitor may be instructed by a lender in relation to the discharge of an existing mortgage when acting on a sale of the mortgaged property. Provided no conflict of interest exists or arises between the two clients, acting for both parties is permissible1.
It may be possible to act under the SRA Code of Conduct 2011 even where there is a conflict of interest provided the clients have a substantially common interest2 in relation
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234