ChatterBank2 mins ago
Divorce and Equity transfer
I am finalising a transfer of equity after a divorce, my ex- partner has obtained a mortgage offer, I have no solicitor, and my ex-partner has a conveyancing solicitor.
I have been sent a transfer of equity form (TR1) which I have been told to sign even though it states that I have recieved the �115,000 already which I have not recieved
can anyone advise.
Paul
I have been sent a transfer of equity form (TR1) which I have been told to sign even though it states that I have recieved the �115,000 already which I have not recieved
can anyone advise.
Paul
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The TR1 will have the price on it as standard (i'm a property lawyer so deal with them all the time).
This form is a deed which is sent to the land registry on completion (effective when the transfer of your share in the property to your ex-partner is formally completed and monies are transferred).
You should sign the form as a whole document with all details completed. If you are uncertain about any of the details on the form (eg you think the amount of money is wrong then you should query this before you sign the document and try to get everything confirmed in writing - you also have the right to take independant legal advice).
The monies will be sent to you and formal completion will take place then the form will be sent to the Land Registry where the title register will be changed to reflect that your ex partner is now the sole registered proprietor (owner).
Hope this helps if you're still not sure post another thread and I'll try and explain better.
This form is a deed which is sent to the land registry on completion (effective when the transfer of your share in the property to your ex-partner is formally completed and monies are transferred).
You should sign the form as a whole document with all details completed. If you are uncertain about any of the details on the form (eg you think the amount of money is wrong then you should query this before you sign the document and try to get everything confirmed in writing - you also have the right to take independant legal advice).
The monies will be sent to you and formal completion will take place then the form will be sent to the Land Registry where the title register will be changed to reflect that your ex partner is now the sole registered proprietor (owner).
Hope this helps if you're still not sure post another thread and I'll try and explain better.
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