398. Mortgage fraud.

Solicitors need to be alert to the possibility of a mortgage fraud1. If a solicitor is aware that his client is attempting to perpetrate fraud in any form, the SRA Code of Conduct 2011 requires that he must immediately cease acting for that client2. Failure to comply may lead to criminal prosecution (for having aided and abetted a fraud) or civil action (by, for example, a lender who suffers loss) and of being disciplined for breach of the SRA Code of Conduct 20113. A solicitor may be guilty of conspiracy to defraud by undertaking the conveyancing work for a