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!

10k in 2016. We put in 25k, that gave us a 10% deposit on a small three-bed. Their money meant we could buy a three-bed (that needed work) rather than a two-bed, meaning we can stay here long-term.

Everyone I know had some kind of help to buy at around the same time (early/mid 30s), either from parental savings or inheritance.

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'm not sure why people thinks this doesn't count.

We had cheap rent living at home & 80k gift.

We gave all 3 of our DC large deposits on top of a portion of the inheritance we’d received from their GP’s. There’s no point of it sitting in a bank when we can see them enjoying it now.

My mum helped us with 10k and let us live with her rent free (but paid for food etc because we wanted not that she expected it) for a couple of years and we managed to save 20k ourselves and we literally did nothing for 2 years, work/home and that’s it. Will always be grateful to her for helping us.

we’re also southeast and without all of the above we would never have been able to save a deposit.

Nothing, I saved up by living with them

Whether you can buy these days largely depends on whether parents can help as opposed to job imo.

I don't know anyone who's parents had enough disposable cash to give them money towards a deposit. By the time they were helped through uni or weddings the kids' pot was empty.
My dh had a starter home when we met, so was already on the ladder. My sister was a single mum and she was eventually able to buy her council flat, which was how she got on the ladder.

The only way I got on the property ladder was with a 102% mortgage. No question of parental involvement.

A friend of mine was very lucky with her parents - they put forward 10% of the purchase price as an investment and officially owned 10% of the flat, it went up in value so they all made money.

Nothing, I'm 41. Bought an apartment at 24 and the home we are in now at 29. Neither set of parents who are quite comfortable never gave us anything.

We bought a £250k house in 2019 aged 24. Parents didn’t give us anything although I had some money from a legal settlement. It took us two years to save it - £4k each per year, topped up to £5k by using a LISA.

Nothing when first husband and I bought in 1990. House was £68,000. Nothing when I bought on my own as a single parent of 2 in 2001. House was £104,000.

We were gifted a six figure sum, as were nearly all of our friends. The friends of mine who weren't gifted a deposit are still renting.

Gave my DC 15k last year to help with the deposit of a 170k house. They had to move 90 miles away from London to buy.

I had inheritance as was an orphan by 20- but:

friend 1 had no help, but lived rent free and saved £30k
friend 2 had £70k left from her deceased father, and she had, by living rent free saved an additional 40k
friend 3 had no help, but lived rent free and saved £20k

Zilch. No one I knew had money from parents nor an inheritance from grandparents.

That didnt apply to me either time

Bought last year and they gave me £30k.

Very very lucky I know. Forever grateful.

My husband and I had no help at all. Got married at 25, lived in spare rooms at PILs and my Sister’s for a year then saved like mad and saved for our deposit. If we re-did things, I would buy a house before marriage!

Nothing. We're both 38, bought our first (and forever) home 4 years ago, 17.5% deposit. We rented for 8 years and saved every cent we had to pay for our wedding and house. There's honestly not a day that I don't feel so grateful to have it. I did have a free site available to me but we didn't want to live quite so close to family and building was far too expensive. Our house is currently worth almost double what we paid for it.

90 percent of buyers get family help.

I don’t know anyone whose parents - often both sets - didn’t help.

Bought last year in London with a 30k gift from my parents - everyone I know who has managed to get on the ladder has had considerable parental help, otherwise they are still renting.

No help in terms of financial contribution.

Bought in times when 5% deposit was common and bought at the bottom of the ladder.

Help was I guess low rent at home which enables saving for deposit to happen.

Nothing. Nor would I ask.

I'll be 43 soon and we're hoping to buy within the next year.

We did have a house previously but we had to move for work and it took an age to sell. Didn't have help with that either.

It was 1996,my mum and dad had 1k put aside for each of us (me and 3 siblings) for our weddings, i chose to use mine on a deposit for my house, one Dsis used her 1k on a couch.

90 percent of buyers get family help.

This cannot be true?