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Anon 9.43 I quite agree. What is more, how would the purchaser client have felt if 'his' solicitor tells his mortgagee that there is a valuation problem and he loses his loan offer? Can 'his' solicitor hide behind his CML obligations to the detriment of the purchaser? I suppose a separately represented mortgagee would have discovered eventually, and then probably after exchange, and where would the parties then have found themselves? Could the mortgagee still have withdrawn? Or is that an academic question nowadays given there there is now only ever five minutes between exchange and completion?

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