The role of your lender

If the transaction is a purchase, many decisions will be subject to the requirements of your Lender.

Where a client is depending upon loan finance from a lender, there is a crucial difference between what we can do and what you may wish us to do.

The Law Society of Scotland makes a particular exception in its conflict-of-interest rules for circumstances where a solicitor is acting both for a client and a lender. The reality is that the client is depending upon funds from the lender but the lenders make the provision of funds dependent upon solicitors adhering to a set of rules called the UK Finance Handbook.

If the matter, we raise with you as outside of the scope of the transaction, is a necessary requirement to ensure the legal work complies with the needs of the lender in terms of the UK Finance Handbook, then there is no option - you agree to the work or the transaction will need to be abandoned.

.This seems harsh but it is the lender's money and it is up to them as to the basis on which the money is loaned to you.