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TR1 form advice

Hello

Could someone give me some advice on the TR1 form i have just received from my ex husbands solicitor.

The TR1 I have just received under part 8 Consideration states; the transferor has received from the transferee for the property the following sum .....

At this moment in time I havent received any money at all although I do know he is in the process of remortgaging for this purpose. I spoke to his solicitor who said that the funds would be released once the TR1 form was signed by myself and my ex but it goes against everything I know to sign something that says received when I havent?

Should I sign this? I'd like to get this done as soon as I can as its been dragging on for ages now.

Thank you
Janice

Comments

  • What has your own solicitor advised?
  • loubel
    loubel Posts: 1,025 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes, the Transfer has to be signed before you can receive any money as they cannot remortgage without knowing for certain that you are willing to come off the title.

    If you are at all worried or unsure about the transaction though then sort yourself a solicitor to read it through for you and perhaps to liaise with his solicitors to give you piece of mind.
  • Usually you can either get your ex's solicitor to obtain his client's authority to give you a solicitor's undertaking not to seek to register the transfer unless he has first sent you the money that has been agreed

    OR

    you get your own solicitor to check it for you and only release the transfer to the ex's solicitor when the money has been received by your solicitor.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
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