Thanks for your question.
Is the solicitors who is acting as lender also acting as the conveyancer for the transaction, or does he also act for the client in other areas of legal practice?
Thanks for your reply.
It is not prohibited in itself for a solicitor who's acting in a conveyance to lend money to the client, but it would be for the solicitor doing so to decide whether there is a conflict of interest. This means that the must still be able to act in the best interest of the client, it may be a problem where the solicitor is insisting on onerous terms of the lending of the money and if the client is taking independant legal advice on the arrangement then they would check to rule out such terms.
In any event, it would be the solicitors problem if there were a conflict not the clients.
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