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!

£20k in 2012. It was a major leg-up as it enabled us to start the ladder in a lovely (and relatively big) first home, and we've since used equity to upsize, now in our "forever" home in our 30s. Very lucky.

£0.

It does seem insane as an older person(!) that this seems to be the norm. We didn't get any help, nor would have dreamed to have expected it; now it seems that people think you're odd if you don't get help.
For context, we're not boomer recipients of homes either, we couldn't buy until we were in our forties.
It would be nice to say we're going to help our dc, but to be honest, we are going to sell and downsize and live on the money left over in a few years. If there's enough, they may get a bit!

My mum lent me 20% deposit for a 20% stake in the house (95k first time buyer house). I paid her interest and when I sold she got 20% of the sale price.

Her financial advisor recommended it as would be a better return on investment than savings and he was right. A win win for both of us.

We bought our first house aged 26 in 2016 and saved the deposit and renovation costs ourselves

Ten years ago, in the south east, nothing.

We put down 29k which was 5 years of savings. Ages 31 and 33

My parents didn't give me anything however I did live there pretty much rent free so was saving like mad.
My husband had brought his first house with a 25k deposit again no help but did only pay same amount of rent to parents.
We brought our now house a year ago with a 120k (£70 of that was equity from our first house) deposit and brought the house for 340K.

My Dad gave me and my sister's all 5 percent of our mortgages on a standard 3 bed house. He paid for all of our weddings too. But I am old and that was the done thing when I was starting out. In turn I gave my eldest son a 10 percent deposit. My youngest son is hitting the jackpot as I am selling him one of my btl houses at just over half price as that is what he can afford. I am taking the hit on CGT. He will inherit less than eldest son though as I am taking the additional help he is getting off his inheritance share.

All these wide eyed obtuse comments about it “why would they?”.

I assume some parents, if it’s within their means, do take pleasure in the fact that they can help to give their children a leg up onto the property ladder, and perhaps they recognise that it’s significantly harder to do now than it was in their first time buyers days. Maybe they think it’s better to help now while they see the money in use, rather than let their children inherit everything when they’re dead. Maybe they saved very hard to be able to provide opportunities for their children. Maybe they won the lottery. Maybe they don’t like their kids landlord, and have calculated that he’s had £50k in rent off of them in the last few years.

Nothing. DH was living in a tiny box room in a house share and saved really hard. I was working a couple of jobs, living at home but paying DD's mortgage as he couldn't get regular work at the time.

I knew a few people who had 100% mortgages. I didn't even realise parental contributions towards deposits was a thing until few years ago.

Like the vast majority of people, nothing.

£0, but we were able to save both of our salaries whilst living with them for a few months which allowed us to save our deposit.

Zero. We bought the cheapest house we could find, in an industrial town, opposite a factory. It was all we could afford and we ended up in negative equity so it took us a long time to save enough money to move into a slightly bigger house when we had our first child. Still got a mortgage now, but very happy in what we hope will be the final home for ourselves and the two kids still living with us, until they’re ready to leave.

Nothing but they didn't have anything themselves so couldn't have even if they'd wanted to.

We bought our first home in 2016 with a 60k deposit we saved ourselves, our parents didnt give us anything. We didn't go on holiday for 4 or 5 years and saved everything we could, we also managed to save 20k for a wedding the same year too. We were very disciplined and had very few treats, we were 31 when we bought and got married.

I'm the other side of the coin but we gave dc £25k.

looking to buy with partner, budget up to 500k. No help from either parents all done ourselves.

ALL our friends with homes had help from family or friends, ranging from £3k to £90K...

I was 34 (in 2006)
They gave me nothing.
I expected nothing, so wasn't disappointed surprised.

Zero but I'm in the bought our first house ages ago camp. £65k for 3 bed semi in 2003, only used £5k deposit. I really don't envy the people who have find tens of thousands pounds now.

Mine couldn't afford it but did act as guarantor which they did with their house not money. It was complicated but this option is available but not widely known about, they need to have paid off their mortgage though. You are right though, I am the same age as you and all of my friends a similar age have had parental help. Either by allowing them to live rent free or gifting them money. In some cases I only know because I know the parents, it's not something that most people freely admit.

First house was £425k with £400k mortgage.
No help from parents.

Second house was £700k with £330k mortgage.
No help from parents.

Holiday home was £450k with £325k mortgage.
No help from parents.

My parents are wealthy and just generally fantastic and lovely to us, but it’s not their job to buy us houses.

From my parents to me 0
but I was lucky to get a council house in a lovely area that I bought for peanuts and I have no mortgage now .

I’ve given my son 60k recently for a 250 flat on part buy part rent mainly some inheritance from my late parents house that we inherited .

so his mortgage will be around 75k assuming he buys 50 percent plus the rent .

I’m also going to pay the cost of a survey solicitors fees and the cost of furnishing it out so beds wardrobe sofa tvs that sort of stuff basically he will be moving in and it will cost him 0
But he is my only child and I’m not in need of the money

I’ve also paid off a loan that he had to make sure that he is in a decent position when he buys

We had no help buying our first place in 1982, my parents could easily have afforded to help us but chose not to. We managed to secure a mortgage quite easily. It’s a very different situation for young people these days. We were lucky and had a bit of a windfall from an investment which was unexpected. DD and SIL had been with us for 18 months to try and get on their feet after uni costs, we gave then 7.5 k and it was enough in our area for a 5 percent deposit. Gave the same to eldest DS he used it for rent and living costs. Youngest DS is renting has managed to save 13k and has been saving in help to buy, plus he knows we have kept the7.5k for him when he needs it ( his suggestion). However he now lives in a higher housing cost area and it’s not going to be enough to buy as he is a single earner. I appreciate we are fortunate to be able to do this, so difficult these days.

Sweet F.A

Never had any financial help from parents or other family, moved out of home when I was 18 and went to uni but I did buy my first flat in the north east for £80K so saving for a deposit was a totally different ballgame than it was for our current house in SW London