If you are embarking on a ruse to diddle HRMC look forward to a spell sitting huddled up on a bench with far too many others staring through the bars waiting for your dinner of bread and water as a guest of Her Majesty.
yes - the income is all yours for income tax purposes. As dzug has said, the only way for your wife to have the income assesed on her is by owning the house herself. You might want to consider the future capital gains consequences of this before you make a decision.