Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
The way forward is as follows-
The property is purchased by your Father, so he is shown as the legal owner on the Land Registry Deeds. On the same day your Father completes the purchase, a Trust Deed is signed by both of you.
The Trust Deed will stipulate that although the property is owned by your Father, he is holding it upon Trust for you. It will also state that your Father can not sell or re-mortgage the property without your consent.
As added protection for you, a "Restriction" can and should be registered at the Land Registrymeaning that the Land Registry would require your consent before dealing with any subsequent sale or re-mortgage application affecting the property. This saves your Father from being able to go behind your back and sell or re-mortgage.
The Trust Deed and Restriction will then just sit there until such time as your Father is happy to transfer the legal ownership of the property to you.
If for whatever reason he does not decide to transfer the legal ownership, then the fact that he has signed the Trust Deed is evidence that the property ultimately belongs to you, and you would have the right to go to Court and request that the ownership be transferred to you, if the worst came to the worst.
It would be advisable for you to instruct your own Solicitor concerning the Trust Deed and the registration of the Trust Deed, and the Solicitor acting for your Father in the purchase will be able to advise him as regards ***** ***** Deed. If your Solicitor were to prepare the Trust Deed, you are looking at £250-£400 plus VAT in legal fees, provided everything goes smoothly.
I hope this helps you, and sets out the legal position.