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What is the thinking behind this plan please?
There is nothing to stop the property being in the names of the younger and the older people and only the younger people being on the mortgage although it depends whether the lender will agree to that split. There is no legal reason why not.
If you walk into a high street lender they will probably just refuse so if you want the best chance of getting what you are looking for, I would suggest that used a mortgage broker who can put forward a convincing argument for you.
The potential problem here for you is that it could be seen by the local authority is intentional deprivation of assets to avoid the payment of care fees so if they do eventually end up in care, you may be forced to sell the property to pay for the care.
It would only become an issue if you were no longer able to look after them. Many people do this thinking that they can get round the house being sold for care fees and it doesn’t necessarily work.
In that case, it’s a good plan and the only thing to consider is how you unravel this if you fall out. I know you may be getting on famously now but it’s a question which I get on numerous occasions. At least now you can make an informed decision.