No.

If you wish to let a property to your son or daughter, you would need to apply for a normal home purchase plan and be able to prove you can afford the monthly instalment on your own income. Once we know you can afford on your own income, then it is fine if you wish to allow any family member to occupy it, you do not have to live it yourself (some banks may differ on this), and whether you charge your son/daughter rent or not is up to you – it will be ignored by the bank.