Deed of Assignment, change split of beneficial ownership between spouses: does HSBC need to be told?

Land_Registry

JohnTravoltage said:

Land_Registry said:

A form A restriction will hamper any disposition by one of you if the joint owner has died - that’s kind of what it’s there for in some ways. If you are both alive and remortgaging it won’t hamper you 

Got it, thanks @Land_Registry. 

So in case of death of one of us, we'll now need to explicitly write it into our wills so the other can inherit the deceased's share?

Also, I understand the mortgage liability is deemed to be owned in the new proportion of beneficial ownership, so I'd need to pay SDLT on the reduction in my mortgage liability even though there's no money changing hands? Can you confirm this?

We can’t help you re these Qs as we don’t deal with wills/inheritance and SDLT Qs are for HMRC