Chloe - there are a few options available re the consideration and the wording you have quoted is the standard form of wording already included in the form.
I'm unsure if you've omitted a figure/amount or not but if not then you'd need to query it with the conveyancer. If the Transfer is for example 'by way of a gift' then suitable wording can be used instead of a financial consideration
Guidance: how to complete form TR1 - GOV.UK (www.gov.uk)