Irrevocable Mandate

PinkSalad

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Joined: Apr 2023

Posts: 20
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Irrevocable Mandate

16th September 2023, 22:29:PM

What is the process for an irrevocable mandate?

A debtor has just sold their house, not on the one they reside in, and has a secured debt attached to it. The creditor's solicitors ask the estate agent (solicitor) to prepare an irrevocable mandate. Is that the correct process to retrieve the debt?

I'm looking to understand this, and I have searched the net, but I can't find anything similar to the above.

Plus, would a paralegal draw up this document who deals with the property department?

Last edited by PinkSalad; 16th September 2023, 22:40:PM.

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