Options ??

MovingForwards

Lover_of_Lycra said:

MovingForwards said:

Shared dad/daughter mortgage would also require the higher stamp duty, term may be restricted due to his age which will result in higher payments.

It's LBTT in Scotland rather than SDLT, and the additional dwelling supplement is 4%.

Can never remember what it's called up here as my purchase is under the threshold!

BedNBreakfast

Come across this ...... Could this be an option ? 

"......Want to buy a property with the intention of renting it out to family, then the cheapest option for you would be a second residential mortgage where you declare a family member will live there – another option is a regulated buy-to-let mortgage" 

Thrugelmir

A regulated BTL  mortgage is an option. 
You have factored in that the rental income received will be taxable in the hands of your FIL. Not merely a question of you paying the mortgage directly. Any payment you make will be considered to be income in the hands of the recipient. HMRC is wise to such transactions.