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!

My husband had 20k inheritance from grandparents, which we topped up to 30k to buy a 265k property in 2017.

Saving up for a deposit at the moment, parents contributing nothing although they could easily afford to.

My parents lent me 9k to make the property habitable. I paid it back within 2 years.

Nothing from our parents.

We plan on giving DS 100k when he’s ready to buy a house. He doesn’t know this (yet).

Nothing from parents 30 years ago.

Just gave dd £25k from inheritance received from in-laws on a flat worth £180. They had a further £10k saved plus extra towards kitting it out.

Bought first flat in London, 2012. 140k for 2 bed. 7.5k deposit. £500 from in laws for help.

Second flat 2017, £360k 2 bedroom. We used the deposit from the equity - £130k. No help from anyone.

It is hard getting on the property ladder. We're almost raady to buy our first house (early 30s now) but they're 500/600k for a 3 bed around here.

I’m in my late 20s and in friendship group of 7, 4 have been bought houses outright by their parents/partners parents as graduation presents, one has had a significant deposit and one still lives at home. We are lucky to live in work provided accommodation and pay £400 a month for all of our rent, council tax and bills. We are lucky that my husbands family will buy us a house outright when we decide where to settle but it is a completely different world to the one I grew up in. It’s surprised me how many people have had help.

£100,000. It came via my Mum when I was in my early 20’s because my Dad died when I was 23, so was inheritance only all but name. Mum ended up just being a custodian. It was life changing, and along with some other money that came to me from my Dad has set up my life wonderfully. I feel lucky and unlucky all at once.

£0 from my parents for the place DP and I bought together (my first purchase). PIL might have contributed when my partner bought their first flat, but we've never discussed it, it was before my time. DP used equity from that flat.

Nothing. Why would they?

We had £10k from my parents and £5k from DH’s parents in 2013 to buy our first house which was a 3bed semi for £230k. My grandparents gifted us £5k for renovations (it was a doer upper). It was a godsend and we sold that house for £350k three years ago and bought what I think will be our forever home for £480k - that’s recently been revalued at £630k so totally insane price rises and we know how lucky we were to benefit from the right help at the right time

DH & I are early 40s. Bought our house 10 years ago - PIL gave us £30k, we got 5% deposit from the house builders (new build) plus got them to reduce the cost - paid £185k. Now worth around £330k.
No way could we have afforded it without help - the money we'd saved went on fees, moving costs & stamp duty, but we were renting so couldn't save much.

No it isn’t.

We are just about to buy our own home with a deposit saved up by us while we’ve simultaneously had to pay rent. It has been brutal. I know absolutely no one else who has not had parents either loan or gift them their deposit, have been given an inheritance or live with their parents to save up.
We are the only people I know who have had to do it this way. Our parents could have helped us. They just chose not to.

2021, worth 170k. No help from any family.

Mid 30s, bought 5 years ago, no parental contribution.

to The poster who said we must have lived rent free to save up. Wrong. I was made to move out at 18 as soon as I had a full time job. Just about had enough money to scrape by thank you

Ok to add further.

Left home at 17. Never lived with family since.

Bought at 31 with my husband, by which point we had 2 kids.

170k house, no help from either family, both living and funding our own lives from 17.

Bought first house in 2017.

£0 from anyone else.

We just gave DS £25k last year and lent him a further 15k. He'd saved a further 40k, so a 80k deposit on a 210k flat. He'd saved his portion by living with us during lock down wfh. He couldn't have done it if he was paying rent in London as he previously had been. Saved his whole salary that year. South East.

Nothing… and didn’t live rent free with DPs. £170k in the south east. 15 years ago. Couldn’t do it now on those salaries though as the house would be worth £370 🤑

Nothing, why should they?
We don’t own and probably never will but that’s not down to our parents.

6k on first house in 2017. We lived in the NW and bought a 3 bed semi for 120k and sold it 3 years later for 130k.- paid back the deposit when our savings through work matured 2years later.

8k on current house only because we bought a new build in the middle of lockdown and needed to get an extra 5% deposit which we saved and dad helped with kitchen upgrade, flooring etc. this will be paid back in October when my remortgage goes through.

The house was 195k or thereabouts. My dad gave me 25k and I put in 5k for a 15% deposit. I also paid all my legal fees, survey, moving fees, etc. I bought alone without my partner involved. It wouldn’t have been as much ordinarily but my sibling died so unfortunately for all of us, they will never need the help towards buying a house.

Same here. I left home at 18 to go to uni, worked two jobs whilst at uni to pay for that alongside a means tested grant, then got a graduate job and lived alone in a studio flat that had no central heating or shower but was safe and clean and importantly cheap, until I had saved enough for a 5% deposit.

But I'm in the north, and it was easier to get a mortgage with a low deposit back then, and uni education was grant funded for those in lower income families (if it wasn't I wouldn't have gone)