My Parents live in Spain, as do I, however they are not in the best of health and are looking at moving back to the UK. They only have a small apartment here, but also have a small place in the UK (currently rented to my cousin) which they can move back into. They have said that I can have / buy the property in Spain for way below it's market value - even by today's standards. I was wondering if the Bank would allow me to take ownership of the mortgage as it currently stands, or if I would need to apply for a new mortgage entirely ? I can afford the current payments from my salary and give my parents some spending money to go back to the UK with.