Hello Steve,
Thanks for replying.The property is an ex council house that was bought for £15000.My brother sister and myself put up the money, but I assume the house is in my parents name as they were the council tenants.As I said, the property is to come to us when they pass away, although I'm not exactly sure of the wording of the Deed of Trust.I could try to get some more information if you need it,but I didn't want to unduly worry my elderly parents by asking for a look at the Deed at the moment if I don't need to.Apologies for being so vague.
Thanks again for your time and advice.