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 towards a house we bought for £233k. (We put down 10% deposit) - we had saved £15k for stamp duty, legal fees, decorating etc.

this was in 2016 - I believe the house is now worth about £300k. (We’ve since moved)

Zero help from mine or OH’s parents as they couldn't afford it. We both moved out when I was 18 for university and haven't lived with our parents or had any financial help from them since. I now send money back to parents to cover some of their bills. Saved up a 10% / £85k deposit for our first place about 8 years ago (London prices!). Have since moved on, again with our own savings.

Nothing. Went to university when I was 18 and didn't live at home again after that. Saved for 10 years whilst renting and were finally able to buy a small 2 bed house.

Did anyone have the same as me, my parents could have, one side extremely well off but they didn’t and watched us all struggle. My only chance to have a whinge as would never mention it to anyone!

This might be irrelevant. I bought my first flat in London in 1988, for around £63,000, I think, and my mother very kindly gave me about one-third of that value as a deposit. There would have been no way I could have got on the housing ladder without that very generous gift, as mortgage interest rates were at around 12% at the time. My employers very kindly fudged the books a bit for me for mortgage purposes, so that I was able to assign 1/3rd of my monthly salary as mortage repayments. I lived on orange boxes for a couple of years. I sold it 25 years later for 5 times what I'd paid for it.

We bought our first home in 2012. No deposit help from anybody.
We saved up for 3 years; both working full time at that point.

Not a sausage. My parents could have very easily helped us but chose not to. They live a very comfortable life with multiple properties while their children all struggle. It’s hard not to feel more than a bit sad about it.

It was long before your time range, back in the early 90s, and was about 25% of the house price. The law was different back then, and any monies gifted has to be done so in tax efficient methods. I think my father split the money with a certain amount given to my soon to be husband ‘in consideration of marriage’ to avoid tax!

Just to clarify, when I said zero I meant zero, I moved out at 19 and had no help with rent etc in the period in between. Lots of comments seem to assume that zero means living rent free with parents while you saved

Nothing and we never lived at home with parents. We saved really hard and bought a very small house in a cheap part of the country (neither of us are from that area) 12 years ago. We couldn't afford to buy where we wanted so we moved. We traded up and moved a lot, worked a lot, had two kids and now live in a gorgeous house in the Yorkshire Dales. It can be done if you are flexible/ willing and able to compromise on where you live / work, but it's a lot harder than it used to be.

We put £200pm in a Help2Buy account for DS (25) and will keep going until it reaches £12k. He will then get £3k off the Government if he buys his first house before 2030 (which hopefully he will).
He is also living at home rent free atm on the basis that he saves most of his wages towards a house deposit.

@starzyy My mum didn’t charge me rent, just contribution towards food/bills. My mum did this so I could save for my own place, so although no financial contribution from parents, they are the reason I was able to buy.

I can’t afford to give my boys money for a deposit but the older two (mid twenties) are living with me until next spring to save for deposits. They do pay towards food/utilities/council tax etc. Once they buy and move out I will downsize and give them something to help them out and help ds3 (15) start saving.

@Metalandtea same for me and even gave me the boot at 16!

£0 and we were renting while saving

We bought in 2010, we didn’t get anything from parents.

£10k from my parents
£10k from DH's Grandma

We used £15k for deposit on a £95k flat and £5k to do it up a bit. We've moved now to a place thar cost £190k and used the profit as deposit.

Have started saving for our son's deposit should he want to buy a place one day. Only saved £1k so far but it's a start. He's 9 years old so got a bit of time. Aiming to save £20k + for him.

Nothing from either set of parents but we did both live at home until age 21. I funded my own university and worked 3 jobs alongside allowing me to pay a very good amount of rent to my parents. My husband started working at age 17 and his parents rent so he used to pay the full rent on their house. They were really pissed off when we bought a house and he left home and put a big guilt trip on him about leaving them in the lurch!
We did only put a 5% deposit down on our first place though so it wasn't too difficult to save it as this was 20 years ago now
Neither of our parents are well off and neither have ever received any inheritance. I might get a small amount I. E a 4th share in my parents home assuming they don't need care but absolutely not expecting anything and would rather they took out equity release and spent it all

They gave us 10k, house was 100k, this was in 2018.

Zero from either side. Only just bought our home aged both 46 after scrimping and saving for years whilst paying extortionate rent in London.

£850,000 house, DH's parents gave £100,000 and we put in just over £70,000. Then paid off a chunk of the mortgage when DH's father died

DS and DIL (23) are buying next year with a £35k deposit that they've saved themselves on wages of £20k each. They've been renting for four years and neither me or ILs have, or will be able to, contribute towards their deposit. No inheritances, just them being frugal and determined. I'm very proud.

Nothing.

We bought 5 years ago. Our deposit came from part savings, part Army HTB and part Government HTB. Neither sets of parents contributed to the deposit.

Nothing.

I bought my house with dh 8 years ago after renting for just over a year. We saved an 8.5% deposit and the house was £140,000 2 up 2 down mid terrace.

Both sets of parents bought things for us, but they didn't put anything towards us buying our home, couldn't afford to, even if they wanted to.

We're 31 now and if we split, I'd have no chance getting back on the housing ladder, he'd about manage.