I own a property in sole name and mortgaged.
I'm looking to transfer the beneficial interest to my wife via a Declaration of Trust as she doesn't work to utilise her tax allowances.
I've asked several solicitors if they need to request permission from the lender and they've all clearly stated that the lenders's permission isn't required. Some have even emailed their responses so I have proof.
Now I understand that this will breach my lender's T&C's.
If I decided to proceed and let's say the lender found out in the next few years and penalised me, will the fact that I have proof from solicitor be worth anything?
Interested to hear from other solicitors.
I'm looking to transfer the beneficial interest to my wife via a Declaration of Trust as she doesn't work to utilise her tax allowances.
I've asked several solicitors if they need to request permission from the lender and they've all clearly stated that the lenders's permission isn't required. Some have even emailed their responses so I have proof.
Now I understand that this will breach my lender's T&C's.
If I decided to proceed and let's say the lender found out in the next few years and penalised me, will the fact that I have proof from solicitor be worth anything?
Interested to hear from other solicitors.
Comment