It is disingenuous for the Financial Services Authority to say that inaccurate redemption statements are 'simply a problem between the two solicitors' (see [2007] Gazette, 20 September, 5]. The client owes the mortgagor, not the solicitor.


With such an attitude, solicitors should consider retaining the balance of the sale proceeds, or part of the balance, pending confirmation from HM Land Registry that the charge has been discharged, or require a bond from the client prior to exchange of contracts which can be returned on confirmation of the discharge. It will then be a matter for the client.



Perhaps the Law Society could compile a list of mortgagors which regularly send out inaccurate figures.



A Adoki, Burnley-Jones Bate & Co, Wimbledon, London