You could try a transfer of equity. Your morgtage lenders would need to ascertain if your parents had enough income to cover costs of mortgage which is done by a meeting with them and showing bank account details, credit checks etc. If in principle the lender agrees your parents would then need to get a solicitor to arrange the transfer which takes a minimum of around 12 weeks. You would also be advised to get a solicitor especially if you are giving up rights to house yet not being given any money in return (ie you are gifting it to them in the eyes of the law). Not sure if its compulsory for you to have a solicitor you would need to check that but definately your parents would if they were taking on the house. Cost wise is from around �400