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!

£5k, towards deposit and fees. We had saved £12k ourselves and saw a great house come on the market- this was earlier this year and we had planned to start looking around August/September. My mum was keen to help us get on the ladder and sort out a mortgage before the rates went up too high so they gave us some extra to help us out. Now first time home owners!

Bought a 2 bed maisonette in 2012 for £202k - PIL contributed £45k. Extremely grateful for that initial deposit.

In SE here:
DF was renting a house to tenants. Sold me the house for half its value (which was what I could afford), I lived there for 5 years. I then sold the house for it's full value (and then some) and plus DH's mortgage loan. This one move alone probably took me up the ladder a good few rungs.
At no point could I afford a house here by myself.

I had inheritances of 6k from my Nan. Parents lent me 10k to contribute to deposit before the inheritance came through. So in balance they gifted 4K.

They also gave a gift of 5k to us when we moved into the home. We spent this on a new bathroom and some utility appliances (fridge, freezer, washing and tumble etc.)

DPs parents also contributed 5k to topping up his deposit.

So c. 15k of additional funds to deposit and 5k getting started money for a 195k house 5 years ago.

We just moved into a 400k doer upper. My parents gifted us 20k to get the original windows renovated. DPs parents have kindly paid for c. 15k of work and we have an additional loan balance with then of c. 10k

We didn’t plan to need this for this house but our mortgage was adjusted last minute to 50k less than originally agreed and we used all our cash for renovation on making up the difference. We were going to do the project slowly over 2 years so we didn’t have to borrow and then I found i out I was pregnant the week between exchange and completion.

Whilst we could have made do it wouldn’t have been very comfortable with a newborn and grateful family have rallied around to enable us to do the work quickly.

£0 (from either set of parents).

One set did buy us a pot plant, the other set a breadmaker.

Nothing (I think they bought me a microwave but that's it) . Bought a tiny tiny property ten years ago.

It’s not 90% is it? Yougov website says 24% had financial help for a deposit from family.

We bought in 2010. My parents gave us 40k for the deposit. We upsized in 2017, they gave us another 30k.

I haven't told anyone in real life as I know how privileged I am.

We bought our first home in 2017 with a 10% deposit, no contribution from either parents but we’re fortunate that my partner had a good paying job so he’d been saving while I was finishing up at uni.

Once we moved in (Christmastime that year) they both offered to buy us some big appliances that we needed (fridge, tumble dryer, hoover) which were combined moving in and Christmas presents.

We’re lucky that my dad is also the handiest man I know and he helped us renovate the house completely. He’s worth his weight in gold ✨

House in Norfolk bought 2017 for 190k (Victorian terrace) 5k from my parents 5k from partners parents and we saved £25k so put down about 31/2k deposit rest was fees.

we were incredibly fortunate to be able to live with a parent too who only charged us £400 per month so we were able to save around that.

Me neither. Everyone has had significant help from their parents, or has inherited from grandparents. These are friends that live in a range of locations including London, the Home Counties, Lincolnshire, Manchester, Derbyshire, Leeds, Glasgow...

The one exception being a friend who used 4 years of student maintenance loans/grants she didn't need (roughly £5k-6k a year) to buy a place when she graduated.

No financial help from parents. We saved the deposit by living on one income and putting the other aside. Must be extremely difficult for someone on their own.

Oh yes, my parents did buy us a microwave and my grandma gave us some of her old crockery and furniture. But nothing for the deposit.

Rent wise I only lived with my parents for free during the uni summer holidays, DP did live with his for free during his masters which probably saved us up to a year but not doing so wouldn’t have meant we couldn’t buy.

My DM retired and gave me her lump pension sum of £10k to buy a flat. The flat was worth £95k in 2012.

I didn't ask for it but it was most appreciated as I never would have got on the property ladder otherwise.

Bought my first house 7 years ago for 200k - 10% deposit
and my second house 2 years ago for 350k - 25% deposit
no financial help from parents either time.
no inheritance or anything else, we’d just saved.
however we did move in with my parents for 6 months before the first house, and only paid £300 a month rent, bills Inc (though we bought our own food and obviously had other expenses) for those 6 months. So that counts as help as not everyone can have that, but I don’t think it was the thing that meant we could or couldn’t afford our house.

£60,000 in 2017. House worth £250k then.

I bought in 2019 at 26, nothing from either set of parents, first owned home with fiancé who was 30 at the time (now DH!) and it was £350k.

Interesting thread! I'm 43, single mum, renting. Parents are millionaires (abroad, so never lived with them/they can't help with childcare). Two siblings are very, very successful. My savings went on divorce fees. I asked parents if they would consider contributing £20k to help me get on property ladder. Tumbleweed.

Nothing. Bought in 2020 from profits from business, not by savings from wages. But everyone else I know had major help (including Dsis and all the sisters in law, I am a tad bitter)

I’m early 30s and bought 7 years ago with no help from parents. We both worked full time and saved as much as we could to build up a deposit ourselves.

I'm 34 and bought our first house in 2015 with DH. House was £250k with 10% deposit. DH had lived at home with his parents so had been able to save his half of the deposit. I had been renting in London and had hardly any savings so parents gave me £12.5k to match the other half of the deposit.

My parents were extremely generous and I'm so grateful to them but I suppose DH also had help from his parents being allowed to live with them after university and pay very cheap rent. We live in the South East and pretty much everyone we know that's our age either had help from parents in some form, or they are still renting.

House value was £280k then. We had a 10% deposit.

We bought our first home in 2013. No deposit came from either family - we used some money saved from working abroad.

Zero. Think they may have sent me a tea towel when I moved in.

£15k. A lot less than most of my friends received from their parents tbh.

We are just trying to work out how much to give our eldest.