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!

Zero

Brought 9 years ago.

Bought a doer upper with no central heating and lived in one room with a camping stove for a year

Prior to that spent 9 years in house shares to save deposit money, no fancy clothes, no fancy car, no fancy holidays.......

Technically they contributed as I got a few £K as an inheritance when they died .

2007. Nothing.

Nothing from either parents.

@starzyy suppose it is

Bought this year at the grand old age of 47! Made the mistake of moving overseas with accommodation provided then came back to bonkers housing market.

My dad gave is £200 for the moving costs bless him, things have gone up a little since he last moved

Don't give up OP, we felt like it a few times but we now have a beautiful home and decided to keep saving until we didn't need to climb the ladder, we skipped the first couple of rungs straight to our long term family home.

Nothing. And I didn't live with them either. I lived in a shoestring budget.
It amazes me that parents have thousands to give - mine never did

Bought our first house two years ago.

Deposit was from inheritance, and 25% of our 105k house. (4 bed semi, but a fixer upper in a more run down part of the country)

Lots of luck and pitfalls along the way led to this being our home - we were expecting to have to start with a similarly priced 2 bed terrace - but now we're unlikely to move again for a long while.

We bought ours 3 years ago for £150k - my parents didn't give anything for the deposit but about a year in they gave me £1k to put towards a new bathroom. Our deposit mostly came from savings, my husband had about £5k inheritance

Bought my first flat for £40k, dad give me a £2k deposit. 10 years after I sold it and made £80k profit - I gave my Dad back £6k...he didn't want it but he gave me money when I needed it - I no longer needed it.

Zero for house
But did give us 10k towards our wedding so..

Nothing - I bought in 2005, put 6k down and lost it when I sold it in 2013 because the market was on its arse. Saved another £19k to buy current house.

My mum lent us 10k towards a house which cost £95k in 2014. We live in a cheap part of the country and got a bargain. I’m very grateful to her as we were able to proceed straight away when the right house came up. I’ve paid it all back. Hoping to move somewhere bigger in 18 months or so once I stop having to pay nursery fees!

They loaned us £3000 to make up the deposit because an ideal house came up just a few months too early. We were saving £700 per month and had saved our target £12000, but a house came up at £150000, and buying it would mean we wouldn't have to move again as it was 3 bedrooms and in our ideal location.

We paid the £3000 in full over the next couple of months.

Nothing, ever. It would have been nice but it was never an option in my family and I won't be able to help my children either.

Nothing. I moved out at 17yo after spending the year before working full time to pay my mums mortgage as my Dad left and she only worked part time.

We saved and used the key worker scheme to buy in 2006, house cost us £159k. Sold it in 2021 for £283k but the original £9k keyworker loan was now over £26k annoyingly as it increases with the house value.

We bought our current house with a £70k deposit from our equity.

We have never had money from family and my inlaws are legitimately millionaires but dont believe in "hand outs". (I saw my FIL current acct balance once and nearly passed out, his "spending account" had more money in it than DH and I earn jointly in a year! )

We are unbelievably lucky
my partner left his wife for another woman,broke up with her and ended up with me
my in-laws asked me when we where planning to move in together and a week before the ‘deadline’ they told us they where buying us a house-not a deposit-the whole house
they gave us a budget and left us to look for what we wanted

we lost fil last year and I’d give up every brick to have him back

Nothing! Bought four and a half years ago.

None. Bought in 2017 for £195,000 with a £20k deposit saved from saving at least 20% of our wages each month and not touching it. Recently converted the loft and now it’s probably worth over £300k. I say we’re lucky but we live well within our means.

We are giving our DC £30k each, they are four years apart so it’s a bit easier as it won’t be needed in one go. Our Dd also lived at home for a year rent free (mid 20’s) and has saved £10k, and they can all live at home rent free whenever needed.
We were skint when they were little, and have modest income and house now but I’m really grateful to be ‘comfortable’.

Nothing, but they bought me a fridge freezer and washing machine

Bought in 2007, we didn’t get help from either set of parents with a deposit but they helped out with furniture & DIY when we moved in.

My parents gave me a 6 figure sum towards my home and I'm incredibly grateful to them for it. All my friends have had some form of help from parents.

Some of these amounts - I’m actually agog. I can’t imagine it at all. We had nothing and bought for the first time two years ago at 40. We saved 14k and it was about 5%. Unbelievable we were accepted, really.

None. We bought our first house in 2007 with a 100% mortgage. It was a special graduate deal with HSBC. We were both newly qualified teachers so pretty much guaranteed wage increases every year for a while. It cost 140K Money was tight at the time, but we managed. Moved at the end of 2016 into the house we’re in now. We had accrued equity in our first property (even though we sold for less than we bought it for) so that was the deposit for our house now. I understand the problem with 100% mortgages but for us it helped us get on the housing ladder.