387. Mortgage funds.

The lender will not release the mortgage advance to the solicitor until it is satisfied that all conditions attached to the advance have been complied with1 and it has been requested to release the funds by the solicitor acting for it. Such request is commonly made on the report on title form or certificate of title, or on a separate form supplied by the lender. The solicitor should ensure that he is in receipt of cleared funds (in order to avoid any breach of the SRA Accounts Rules 20112) by the morning of the day of actual completion. The