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!

oh I forgot the house price. £150k needed £15 k which we saved over about 8 years. but we dipped into it over and over. when we got serious it took us 6 years ish. But when we first started looking we were looking at saving 6k for a 120k house. We ended up buying a really crap house in a really crap area that was around 90k when we started saving.
We had to race to save as every month or 2 the houses would shoot up and it was only by the grace of God (and a patient seller wanting a family to buy her house. I'll never forget her she could have had cash buyers but didn't mind waiting for us) we were hoping to buy this house kind of house for 120k buy they shot up faster than we cod save for the deposit. Can't believe we made it. Houses have gone up 45k in 2 years since we bought. would never had made it if we didn't just scrape it.

Oh we did get a cash gift from a family member (not parents) of £500 when we moved in for decorating. it was an amazing surprise because we had spent every last penny and got into sent to make the savings for the deposit and fees

2020 - £20k from PIL

£100K in 2010. It was a case of "you can have it now or have it when we die in a will."
We were older first time buyers and so our mortgage term was considerably shorter as it had to take into account our ages. We could have just scraped a one bedroom flat with our savings but will forever be grateful that it allowed us to buy a three bed terrace in the same area. We've saved and overpaid on the mortgage where possible in the last twelve years so we are nearly mortgage free now.

I couldn't be more grateful that they were in the position to be able to do that. The house has doubled in value while we've lived here ( zone 3) and when we eventually downsize and move out I fully intend to pay them it back.

Nothing. We bought last year age 37.

I’m a similar age to you OP and I’m in my third house up the “ladder” now because I bought when I was 22. I had no financial help from family, quite the opposite actually as I was subsidising one parent when I bought my first house. (Contributing to healthcare costs for nursing and practical care for chronic illness and disability - when I wasn’t providing the care myself)

The last time I spent i night under the same roof as one of my parents I was 17. They were both dead by the time I was 24.

mine offered me £10,000 but it was quite late in the process and I'd have had to explain where it came from, confirm it was a gift not a loan, etc., and I didn't need it, so didn't take them up on it. They've said they'll keep it to go towards a wedding, or if I ever need it, which is nice. They also let me live with them for minimal rent for 2 years before I bought (was previously privately renting but then got a job in the town where they lived so seemed silly to rent separately when I was trying to save) House was £138,000, bought in 2016 aged 27.

@Diamond7272 Ah yes famously doctors, dentists, nurses and teachers don't exist outside of the SE.

If you're South East born and raised then fair enough you probably want to stay there but you must accept that those who gravitate there after uni are part of the problem. There is a civilised world outside of London and the Home Counties.

I bought my first house in 2015 for £145,000 with a £20000 deposit from my parents, rest was from myself and my partner at the time. I moved into current house and my parents put in a further £50,000.

I have been extremely lucky that my parents have helped so much.

Nothing

And neither I nor now DH lived with parents either.

Nothing. I don't know anyone who had parental help with a deposit. That said I'm in Scotland and house prices here are reasonable so we bought a lovely sandstone tenament flat in 2011 for 60k so only needed a 6k deposit. We have since moved another twice, still with no help.

£6k between mine and DHs parents. Bought about 12 years ago.

Nothing, but I didn’t buy a house until I was early 40s and the deposit came from buying with my partner who had a lump sum from his divorce settlement, plus his own business which he took money from. I live in the SE and earn a reasonable salary now, but never could have saved enough to buy anything like our house now. When I was with my exH, we lived in social housing.

My parents very kindly offered £10,000 to go towards either a house or a wedding. They made the same offer to each of my siblings (we all ended up buying houses before getting married). However I'd saved up enough of a deposit to not need it and didn't want the complexity of having to declare it as a gift etc. I took £2grand to buy some furniture and stuff and spent the rest on the wedding/honeymoon.

They did also hugely help me saving a deposit by letting me live with them for 2 years paying minimal rent in my early 20s. Then I moved abroad for a few years and saved more money then bought my house when I came back - aged 26 (8 years ago).

£0

About 30k. But they also paid maybe 15k for my wedding, another 25k to help with an extension and regularly gift me and my siblings 2 to 5k or more a year. If one of us needs say 5k for a car they'll gift it and give the other 5k too. They do have savings and investments, spend at least 10k on hols a Yr and very good pensions eg final salary linked to inflation.

None of our parents contributed for the deposit.

Our parents contributed nothing to ours , and we contributed nothing to our childrens house purchases (which are within your timescale)
It never occurred to any of us either to ask or offer.

£150,000 but that was part of my inheritance given early as I was the sole beneficiary of their estate.

£0. They were bought a London townhouse themselves.

Bought 9 years ago. £0 help.

Spent as little as possible all through my twenties. Lived in tiny flats. Holidays were staying with friends or family. Clothes were 2nd hand.

(bought in SE albeit an area that's a stretch for the London commute)

I have ZERO relationship with my parents due to childhood abuse but my lovey grandad left me money when he died and because of him we were able to put £75k on a House deposit. The house itself is a 3 bed end of terrace worth £230k in total.

Over 5 years ago

16 years ago £15k, and previously given 10% deposits for my other 3 previous purchases but that was at a time when that would have been £3 to £5k max each time. These were all generous contributions which were a % of the deposit already saved myself, so they assisted in reducing ltv.