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Hi Andrew, thanks for your enquiry.
Firstly, the Letter of Consent is a standard form that all Lenders insist are signed by any adult occupiers whose names are ***** ***** the Mortgage. By signing the Form, your wife is not consenting to vacate the property on your death- it is merely to confirm that if you do not pay the Mortgage, and the property is repossessed, she will agree to vacate.
However, if anything were to happen to you, HSBC would want an assurance that your Wife could pay the Mortgage, and would eventually (normally after 6 months or so) ask her to apply formally so that the Mortgage is transferred into her sole name. The best thing you can therefore do is to make sure that you have sufficient life cover in place to pay off the Mortgage in the event of anything happening to you so your wife is protected.
I hope this assists and if so, I would be grateful if you could rate my answer in the top right hand corner of your screen. Kind Regards Al