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would banks be shitty about that from a mortgage perspective?HMRC might, from a stamp duty perspective.
https://www.gov.uk/guidance/sdlt-transferring-ownership-of-land-or-property
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If you get property as a gift you won’t pay SDLT as long as there’s no outstanding mortgage on it. But if you take over some or all of an existing mortgage, you’ll pay SDLT if the value of the mortgage is over the SDLT threshold.
"Buying something for less than market value would be considered a partial gift, but the same rules apply (as I understand it).
If there's no mortgage on the property (with the existing owners) and you buy it for £240k then you'll pay stamp duty on that £240k = £2300 and not the £300k market value.
If there's a mortgage with £260k outstanding on the property and you buy it for £240k then you'll pay stamp duty on £260k = £3000, etc.
The gift aspect could become a potential problem with IHT too.
[EDIT] Outdone by TW ninja-edit.
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Greenbank
HMRC might, from a stamp duty perspective.