Read the small print on your mortgage before doing this. Doubt they will be wiling to consent to 99% of the beneficial interest being switched to your wife. There is SDLT on the transfer of debt !!! Plenty people screw up on this
Also when you move out and rent you will likely need to remortgage to a BTL mortgage. Your current lender will need to consent and they see letting as riskier than owner occupier
There are also new rules coming in on principal private residence and CGT. Horrible.
As others have said - get advice from an accountant that is VERY up to speed with this type of scenario.
As an aside the dodgy lease rent review clause might be a negligence case against the lawyer
Sent from my iPhone using
TZ-UK mobile app