Parents get another mortgage?

Werdnal

There are still BTL mortgages - how do you think investment buyers and LLs fund their property purchases.

Your parents would not be able to get a residential mortgage if they were not living there. They would be committing mortgage fraud by purchasing specifically for you to live there, on anything other than BTL terms and even if you are only paying them enough to cover the mortgage, your parents would have to declare this "income" for tax purposes.

Its too much of a minefield to even contemplate, taking their ages, lack of their own assets and health issues into account. If your parents should fall ill and need residential care, they would own your property. You think you are in a housing crisis now - if this did work, and your parents bought you a property, wait until the house is sold to fund their care costs and you are chucked out!

tricklesthegreek

That's a fair point, I don't think they have contemplated that. TBH I just want my parents to sell up their place in a few years, they take the profit in the house whatever it may be and they move back to Greece to see out their time in a nicer place. Hopefully by then things might be a bit better out there.