<prompt> Human: I am looking to move out soon and instead of renting a flat, buying one with a small mortgage over around 5-6 years.I have enough money saved over the years to put a down a large deposit so will only need a mortgage of around 25,000. Flat is for sale at 50,000.Is it possible to have the mortgage in my parents name? as I Currently have a job that pays cash in hand Around 150-200 per week so cant exactly prove income.after the mortgage is paid of I will obviously own the property so can rent it out myself for aproxx 400 PM so will give me an extra income of 5000 PA.witch is the main reason for wanting to buy instead of rent.  <response>: There is no reason your parents can not take out the mortgage fully. However legally this would be their property. 