Thank you for your question
My name is Clare
I shall do my best to help you but I need some further information first.
Why does she not just re-mortgage to buy you out in the normal way?
So what will be different after you have transferred then property to her?
Has she provided any written evidence of this?
It is something you should see before signing anything.
How far has the divorce reached?
Has anyone spoken about a Financial Consent Order?
It sets out the financial agreement between you?
Have you actually reached a full agreement on finances - not just on the house?
You certainly should not sign and Transfer of Equity until there is a Court Order in place confirming that she will pay you the agreed figure
I suggest that you write to her solicitor saying that you require a draft Consent Order and a copy of the loan approval before you consider anything further.
The Order should at the very least specify a time limit for the payment
I hope that this is of assistance - please ask if you need further details
It shoudl say that nether of you can make any further claims on the other.
Then you can take action to enforce the Order - once it has been sealed - and force the sale of the property