Interesting move by the Post Office… however maybe not all its cracked up to be? 
£1300 a month repayment 
I think its more:
There’s a catch - the parental home needs to be mortgage-free for the buyer to be eligible.
My parents don’t own their home so I can’t use it and how many will be mortgage free.
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Secured on the parents property? A perk for the very few, I think.
If someone can afford 1.8k a month they can probably afford to save for a deposit…
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I know, seems like a bit of an odd product… good idea but wayyy too many loop holes to jump through…
Seems like a gimmick to get headlines and make people aware the Post Office does mortgages.
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Personally I think this is quite dangerous. High monthly payments for first time buyers who traditionally have a lot to buy when they first get their house is gonna be horrendous for them.
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