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!

We bought in 2010 for £116k.
We were given £3k, which we could either put towards a house or a wedding - we chose the house!

Nothing.

£25k, house £480k and I was 25.

£0

PIL gave us 9k. It was meant to be a loan but they don't want it back. House was around £350k and we needed around 45k for 10% deposit and fees (most expensive part of our country outside the capital). We'd moved around a lot and rented for years, so found it hard to save.

Bought 2 years ago, parents didn’t contribute. We put down a deposit of £145k on a £435k purchase price. It was money we had both saved up.

A big fat nothing.. Why would they? , they never got anything from their parents, and neither did their parents get anything from their parents! Work hard for your own home!

Zero, nada, zilch!

I gave my daughter £50k deposit about six years ago. I was passing on some of the inheritance I got from my parents - I know they would have approved. There's another £50k in the pot I gained from a difference source (we moved property to a cheaper area) when they're ready for their next move to a bigger house.

Nothing here - I lived out very young on a 100% mortgage and went from there. Highly unusual in our friendship group though, we're late 30s and pretty much all our friends had significant parental contributions of 50k upwards.

As a direct cash gift, nothing. It would not have been possible to save at all without us living on a bills only basis with my DM for years though so in that respect, thousands. Those who don't factor the other privileges they've had in life that put them in a position to not need a direct deposit from family are being wilfully smug IMO.

DP's parent have offered us various interest free loans and money for repairs or furniture too. We live on the SE, moved hours away to afford an entry level home and couldn't have done it without the financial support.

I grew up in a predominantly middle class town in the SE and don't know of anyone who wasn't funded by their parents to much bigger amounts or through university, or in turn married into well off families and the in laws provide lump sums. Very few of them have the good grace to openly admit this is why they live in half a million pound houses in their early 30's. If you took away high earning spouses and the benefit of two peoppe on a mortgage plus the lump sum deposit help nobody would be any better off in life than those who struggle.

Nothing.

Me and DH bought out first home 9yr ago aged 24. I think it was easier then than if we were buying our first home today.

We are lucky that we have good careers which pay us well, but we also worked very hard to get where we are today.

Bought in 2019 and my parents didn't give us anything towards the deposit, they couldn't afford it. Myself and DH rented a tiny mouldy flat for 4 years so we could save.

None. We were able to live at home to save up and paid a very low rent to enable us to save. Being a couple meant we were both saving. I feel like we're were very lucky.

My DH received some inheritance and we used that as a deposit for our first house in 2012. We paid £32k deposit for a £206k house.

I know my friend gave her DS 5k 10 years ago, it was fine for his 85k terrace. She is giving her younger DS the same, the same sort of terrace house is now about 170k though. Another friend has given her two dc 10k each recently. To be honest one has such a mega well paid job they didn’t need it but she is treating them the same.

Two of my friends have adult dc at home still, we are also letting our DS stay at home, all in their twenties. They all pay small amounts of rent a token £25 sort of amount so they can save for deposits. One lad has managed to save 20k in 2 years. We haven’t told DS but my Father left some money which we will add to.

A good chunk of our £32k of our deposit came from an inheritance from my husband's parents and last grandparents who all died within about a year of each other so it all got compounded. The house was £128k and moving in had a weird bittersweet tint to it on top of the usual stress of house moving.

I think they would have helped us while they were alive if family finances had allowed though FIL was always more keen on cars when it came to fantasy money discussions. I often wish I could talk to them about things in the house.

Zero

Nothing, and wouldn't have excepted or accepted anything either.

Did get a fridge freezer from them however!

Zero 30 years ago.

But we are in London and will help out DC out if there is any chance of them affording anything.

Nothing, brought first house in 2006 with a 7k deposit though and worked our way up. Not sure a 7k deposit gets you very far these days though.

My parents brought me a dining table as a moving in present. Neither DP or I have lived at home since school.

I didn't get any financial help from my parents... but every penny I was ever given by my family (for birthday, Christmas etc including 50p from elderly neighbours with the suggestion of buying an ice cream) was put into a savings account that my parents said I couldn't touch until I wanted to buy a house. My dad gave me his old armchair and sofa when I moved in.

Late 30s, bought in your time frame - nothing to the deposit though did buy some furniture items when I moved in. They also helped me with hours and hours of free labour - painting, decorating, putting furniture together etc which I'm more grateful for than any money.

When I left university my grandmother gave me £1000 as a start of my deposit. My grandfather died when I was toddler and left a few hundred quid for me and his other grandchild, he'd wanted it to pay for our weddings but twenty years later grandmother decided house deposit was more appropriate. I was grateful for it but I'd rather remember my granddad.

I only know a couple of people who definitely had money from parents but I'm in NW England and my first house cost about the same as some of the deposit figures being banded about.

Nothing. 28 and bought my first house a few months ago. Me and DH saved our deposit ourselves.

Nothing. I'm 37 and bought my house 5 years ago. Why would my parents contribute towards my house deposit?