Updated October 2026 · Fraser Bond
Family · Buying
Buying a home for parents
+5%SDLT surcharge?
Jointmortgage
Trusts& gifts
Takeadvice
In short: You can buy a home for your parents in your own name, jointly with them, or help them buy it themselves. If you already own a home, buying in your name usually means paying the 5% Stamp Duty surcharge for additional homes, and Capital Gains Tax may apply when you sell. Some lenders offer joint borrower, sole proprietor mortgages or family mortgages. Gifting money to parents to buy has its own Inheritance Tax implications. Because the right structure depends on tax and care-fee planning, get legal and financial advice first.
Frequently asked questions
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Do I pay the stamp duty surcharge?
Usually, if you already own a home.
Can my parents live there rent-free?
Yes, but consider tax and lender rules.
