UK Immigration Law
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1. Here, your wife and two kids need to make a fresh application for permanent residency and indefinite leave to remain based on your new status as having indefinite leave to remain. Once you resign your Tier 2 sponsoring employment, your wife and two kids would only have 28 days grace within which they would have to leave the country. AFter that time period, they would become overstayers. This is because their visa status is dependent upon your maintaining your Tier 2 visa. Once the Tier 2 visa ceases, then they must either leave the country or else, apply for a fresh visa. However, if they do nothing, the become overstayers and liable to deportation.