TR01 form doesn't make sense

Lydia84

Really confused by this. My ex is buying me out of our house. His solicitor sent me a TR01 form which said I would get XX amount of money for consideration together with half the existing debt with Halifax. I wasn't happy you this wording, a family friend who is a solicitor said it offered no protection to me. I went to a solicitor and he asked them to change the wording, and now it says I will get my money and box 3 is ticked with the wording 'Together with 50% of the existing debt with Halifax, enter amount as appropriate £.... I can't understand this wording, it seems like I'm getting my money but I'm still responsible for half the debt. Also there's a section about additional provisions, and it says that I'm declaring that I won't be insolvent, but why is this relevant? I'm being paid out not taking on debt? They should worry about him being insolvent as he's remortgaging with accord to buy me out. Anyone know what the wording m means

minimike2

I would suggest speaking with your solicitor rather than asking for opinions on here from people who are not aware of the details of your case.