Your parents can sell their house to anybody for any price so this is not a problem.The situation is not clear.Are they selling it to you and moving out or are they going to continue to live in it?If you are just buying it as an investment for them to live in then you must be prepared to invest a lot of money long term so can you afford to do this? If they are moving on,then they elect to pay your deposit(on paper,no money actually changes hands) so the asking price would be plus 5% of £100k =£5 leaving you to borrow £100k on a mortgage. Hope this clears it up for you.
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