Transfer of Title concerns

Nigel2211

Hi,

Would really appreciate some advice.

My wife and I have been married for 12 years and together for 16. When I met her she had her own property, as did I. I sold mine and moved in with her. After a couple of years we decided to move, but as she had 3 children of her own and her ex was contributing financially, I said it would only be fair that she had the mortgage in her name only with a will naming the children as sole benefactors. Anyway, time has passed and we now have a daughter that is 10 with the other children now adults. We never added me to the mortgage and the property has now increased in value by 3 x the mortgage with equity of around £600k.
The issue is that my income currently, as a director of a new company, would not satisfy the earning threshold for the original, and outstanding, mortgage amount so therefore under the lenders criteria I would not be granted a Transfer of Title and be added to the mortgage. I am not concerned about myself so to speak, but for the potentially convoluted legal issue that may arise from the death of my wife. I'm quite happy for my wife to remain as the named mortgagee but what are our legal positions should/when such a thing happens and is there anything else we could do to secure and protect ourselves. We do not want to remortgage or change the terms of our mortgage with RBS. We are, gratefully, the lucky few who have been on a tracker for the duration.
Thankyou kindly for your responses and advice.

AnotherJoe

Changing the will would seem to be the obvious answer.