Buying a property for your children can attract capital gains tax and SDLT. Moreover, you should also think about inheritance planning when you purchase a house for your children.
Here are a few options you can explore when buying property for your children.
You can give financial gifts to your children. They can use the money to buy a property.
You can provide a monetary loan to your children, provided your children agree to repay the loan.
You can get a joint mortgage
You can start a joint savings account (linked)
You can buy property and transfer ownership to your children. But, think of the SDLT, inheritance tax and capital gains tax.
Regardless of the methods you choose, the idea is to provide a home for your children and minimize the property tax and payable fees.