The Solicitors Regulation Authority Code of Conduct 2011 (SRACC 2011) suggests that a firm should only act for both the lender and the borrower in the following circumstances:
·         if the mortgage is on standard terms
·         it is able to act in the client’s best interests
·         the certificate of title required by the lender is in the form approved by the Law Society and UK Finance.
It is essential that there are no potential conflicts of interest.