My parents are selling their property for £200k. They are using £180k as a deposit against a house for £250k. I am looking to get a mortgage in my name for the £70k and then pay it off. I will be caring for my dad who has vascular dementia. I also have 3 young sons that will be living with us, which is why we need a bigger house to accommodate us all. The biggest issue we have is the fact that I have 3 siblings. What would be the best way to deal with the new property so that I don't end up owning it outright when my parents pass away as it will need to be shared between us all??
My parents only want the deposit value (£180k) split between the 4 of us due to my paying the mortgage for the rest and caring for them