How much did your parents give you for a deposit?

[littlepieces]

If you've bought your first home in the past 10-15 years, how much did your parents or family contribute towards your deposit? (If they did). And how much was the house? In context, I'm 35, don't own a home, can't get enough deposit together, and I'm just curious. All of my friends own now (some on their 2nd or 3rd homes) because their parents helped them get on the ladder.

Ps. There's no need to comment if you're part of the 'I bought my 4 bedroom house in 1980 for £10,000 by working hard' crowd 😄I'm sure you worked hard, and that's really great, but it's not relevant to this post. Thank you!

I bought in 2014 and my parents contributed nothing. I saved my deposit by working full time and putting as much of my salary to the side each month while living with my mum. I would contribute towards things like food/bills and keep money for personal needs/outings but put the rest to the side. Amounts varied month to month but eventually it added up to enable me to have a deposit.

I don’t know anyone who’s parents contributed towards their deposit

Zero, I’m 35 & bought 7 years ago

Nothing

We bought our first house in 2005 with a £25k deposit from my parents. House was a small 2 bed semi and cost £115k. We moved up the ladder in 2012 to a larger 3 bed semi costing £160k. It's now worth £240k.

About 35k and I saved up the other 50k.

Bought 6 years ago and they gave us £5k, we did a 5% deposit and only needed £11k for the deposit plus fees etc.

Startex with a small 2 bed and have worked our way up using equity for each subsequent house purchase.

Timescale is longer, but my parents didn't contribute. In my case, I saved a third of my income after I started working at 16, so built up the deposit myself. I bought a small one bedroom flat in a rough area, but it was a start.

35, bought 7 years ago with £0 cash deposit, but lived with Fil rent free for 12 months to save.

Nothing. They couldn't afford to.
Neither did PIL, although they could. They gave SIL £10k though.

I don't know anyone who didn't have parental contribution! It's not really possible without help round here.

We had a £80k deposit, we put in 30 and my parents gave us 50.

25k in 2016. I contributed another 25k. Everyone I know in the SE bought with help from someone, usually parents but sometimes aunts/uncles/godparents.

Neither parents could afford to help but another family member was kindly able to give us 5% for a small flat.

My dad contributed 12k

By dying and leaving me some in his will. Fuck the house, I'd rather have my dad back.

10 years ago
mil gave us £10k

house £152k bought with help to buy

massively helped us out sold that house 5 years ago with a 30k profit so basically her 10k gift allowed us to move to our next home which is a long term one

10k, which was enough for a 5% deposit on our house. It would've taken us an extra year to save the 10k and house prices have kept going up so we wouldn't have been able to afford the house we have now.

£55 000 from dh's parents and £10 000 from mine. That was in 2013 and we were 35 at the time (focus had been on travelling etc first). House is big, stone and in rural NE Scotland which needed work doing. My inlaws gave us a third the cost over all and then bought me a new kitchen on top of that which was another 20 000.

Dh's parents got all of their children on the property ladder with large deposits.

I'm 34, we bought 6 years ago with £10k help from parents. Completely impossible to buy in the South East without parental help..!

£0.

I bought in 2014 and my parents contributed nothing. I saved my deposit by working full time and putting as much of my salary to the side each month while living with my mum

How much rent did you pay?

I'm in the exact same boat, OP.
What I tend to find is that those who got 'absolutely nothing at all' from their parents actually got the opportunity to live with their parents totally rent free, putting them in a position to save enough for a deposit.

I don't know anyone who didn't have parental contribution! It's not really possible without help round here.

Same either cash, living rent free or loan or all 3.
I also don't know many people who moved up the ladder without help eg for stamp duty. 6 figure sums not unusual either.

None. I had some inheritance from a grandparent (came direct to me as their child/my parent died when I was a child) which I was very fortunate to have.

We bought last year and didn’t need parental help with the deposit, though £10k of it had been gifted by a other relative beforehand (not specifically for a house deposit) and my parents wanted to help so paid our legal fees and moving costs. The rest of our £80k deposit came from savings including an a redundancy payment.

2016 £10,000 for first flat. Grandparent also gave us £10,000 and we used savings + 5% deposit help to buy mortgage (it was in london).
2018 House 2- nothing it was a cheaper area (much nicer though) for 3 bed house only £5k more than selling london flat.
2020 House 3- £80,000 from parents (following large inheritance from then) to upgrade for ‘forever’ home- hate that phrase but we are never moving again
Unbelievably lucky, incredibly grateful. Money is tight for us as our wages aren’t huge but we would never ever ever have bought without financial help from our parents. I thank them every time they visit and say they like what we’re done with the house. Will never forget their generosity and hope to pass it down to my children one day.