Deed of Consent

I need some guidance please.
My ppor is used as collatoral for an investment property which is currently on the market. As the ppor is being kept by my partner in a divorce settlement the bank wants me to sign a deed of contract on the ip. I wondered if anyone could explain to me how this works and what implications signing the deed of contract would have.
Thanks for any help you can offer on the subject.
 
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