Multi-generational mortgages

If you are wondering how you are going to finance your annex build they there appears to be a new way.

I have just been reading about the new lending trend of mortgages taken out by parents which can be passed onto their children.

Seems like a way to finance the building of a granny annex or living space extension where funds are required.

The money is secured by the parents, but ultimately it passes onto the children who continue the payments.

Obviously needs looking into further to read the small print but one way of financing a build and helping you keep your property/inheritance.

Thanks