I may be clutching at straws here but here is a question. 

Can I redraw the money available in the loan in order to improve the situation ? Does it help if we do this while I am still living in the house as my PPOR. ? 
Does the structure of the loan matter when doing this ? In my case, I have the loan split three ways. Two of these are (worth…[Read more]

Thanks all for your input. I went back to the accountant and it seems we had both misunderstood each other. I am glad I asked here and that prompted me to go back.

 His suggestion now is along the lines of Terry's – i.e Transfer 50% to spouse – although this is going to be tricky as my wife has no income, which means that I will need to…[Read more]