You won't get anywhere without a property, with lots of equity. Gambling with your parents life savings is Russian roulette at the best of times.
Do your parents a favour, and be open and honest with the facts, you owe it to them. Let them see all of the forums on here, and other forums, as well as the news - they must know this is not the best time to gamble the deeds to their home.
You won't be getting an airline job anytime soon - and only they pay wages massive enough to feed the monthly payment for debts of these schemes.
Think long and hard - you owe it to yourself, and your family. Also, don't think that Integrated is the only way- Ryanair and flyBe employ more pilots together than any other airline operating in the UK - and they both take pilots from a modular background.
Just my two pence.
Good luck!