[Egret M]

...but unsure of mortgage to get...? My parents have a house that I want to buy off them.
The house is worth around £160,000 and my parents have a outstanding mortgage of £100,000 on that house.
My parents are happy for me to take over the £100,000 mortgage or for me to buy the house for £100,000.

I was wondering how I should go about doing this to avoid paying over the odds.. I do not have any deposit.
1. Do I have to get a mortgage for £160,000 and then my parents give me back £60,000 after???
2. Is there anyway of my parents transferring their mortgage and house into my name?
3. Am I right in assuming that this is effectively my parents selling me the house at £100,000 even though its worth £160,000???

Thanks