Hi, Thanks for your question.
I'm sorry, no, it doesn't quite work like that. Your lender has a first legal charge which prevents dispositions (eg. transfer of ownership, regardless of percentage) without their consent.
If you wish to add your wife then you should speak to your lender, they will require that her name is XXXXX XXXXX the mortgage but will otherwise consent provided she has an acceptable credit history.
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Again, that would require the consent of your mortgage company. You really can't do anything without their consent and agreement to the transfer of equity. You can execute a declaration of trust at the same time as the transfer confirming that upon sale the oustanding mortgage should be deducted from your share.
Similarly, the lender would need to consent to him taking a second legal charge as an alternative to the transfer of equity. It will be a condition on your mortgage.
Thanks for your kind accept.
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