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Renting problem

my wife and i are splitting up, and i am thinking of renting somewhere with a friend of mine who is looking for somewhere to live because hes sick of living with his parents, I t is to be an ammicable split and i am going to continue to pay the mortgage to provide a home for my children, my wife and i currently get tax credits, and i would still be classed as living there, for the purpose of continuing to receive these.
My friend would be the guy who will rent the house/flat and i will live there with him, contribute to rent bills etc, would i be able to "get away with this" or will i have to go on a tenancy agreement or something similar, and if so can that be traced, its not as if im trying to fiddle any one, i would actually be worse off. Its complicated to try and explain it, but im sure you know what im getting at. Nothing is set in stone yet, just looking at options.
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