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You are acting for a couple purchasing a house. You are also acting for their lender, a high street bank. The couple do not want you to tell the lender that they intend to let out the property as they know the lender would then insist that the mortgage interest rate would increase from the mortgage rate they have been offered on the basis of the house being lived in by the couple as their main residence. What is the professional conduct issue here?A. You have a duty to immediately report to the relevant authority that the clients are committing mortgage fraud.B. Your duty of confidentiality to the couple overrides your duty to disclose. You must inform the lender that you cannot now act for professional reasons.C. You advise the clients to proceed as it is unlikely that the lender will ever discover that the property is let.D. You have a duty to report the couple's plans to the lender.
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