Acting for Borrower and Lender

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Preview the first part of the topic. Unlock FLK2 Playbook to answer prompts, get marked against the answer key, repair gaps, and carry the topic into review.

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01
Borrower and lender retainer
What facts show the solicitor is acting for both borrower and lender on a mortgage-funded purchase?
02
Standard mortgage conflict risk
When is acting for borrower and lender acceptable, and what facts create a significant conflict risk?
03
Report title issues to lender
Which mortgage offer, lender instructions, title issue, occupancy fact or valuation concern would you check before certifying title or reporting to the lender?
04
Clear lender issues first
When must lender-reporting issues be resolved before requesting mortgage funds or completing the purchase?
05
No borrower secrecy shield
What is unsafe about hiding a material title, occupancy or fraud concern from the lender because the borrower asks for confidentiality?
06
Disclose material lender issues
A buyer tells you about an undisclosed occupier but asks you not to tell the lender. Explain the conduct problem and next steps.

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Acting for Borrower and Lender

Guided prompts in this topic

Borrower and lender retainer

Standard mortgage conflict risk

Report title issues to lender

Clear lender issues first

No borrower secrecy shield

Disclose material lender issues