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 parents gave us £20k in 2010 for a house worth £130k. We matched it.

And £30k for a house worth £330k in 2019. They also paid our stamp duty. We put in £70k from savings and equity build up.

His parents gave us nothing.

£5k and was very much unexpected and appreciated.

Absolutely nothing. They are very wealthy. They don’t do financial help. It’s only recently as in the last 3 or 4 years I even realised parents, however wealthy, helping out their adult children was a thing. To be honest I am slightly resentful but such is life

I've just given my daughter £15K towards a deposit, she has been saving in a LISA for a few years. I got a lump sum from my husband's pension when he died.

Our parents gave us nothing, zilch, zero, they had nothing to give.

how much did we give our children, nothing, zero, zilch. They saved their own deposits.
……..however they bought alone and bought doer uppers so yes, we paid f9r both their kitchens at around 10k each. So I guess that’s similar, the only difference being they would still have their houses without us, just with a shitty kitchen.

Bought earlier this year in London. Alone. Parents gave me £160k. I know I'm very lucky!

Nothing. I saved €200 a week from age 24 to 39 in order to be able to buy my house.

Not one penny

My parents gave me nothing. I left/got thrown out at 17 and rented from that time until I had enough saved for a deposit. It was hard and sometimes I thought I'd never do it but eventually I did. The way I look at it is I've got nothing to thank anyone for because I did it all on my own.

I don't think I know hardly anyone who had money gifted as a deposit. My sister borrowed money from her in-laws but it was a loan and they paid it back. I think it depends where you live because in my area people don't have money to throw around and as much as they'd probably like to help their children it just isn't possible.

Bought a flat in NWL about 9 years ago, but absolutely could not have done so without parental help as I was only 24 and didn’t didn’t have a bean to my name really.

Purchase price was £260k and they provided £110k deposit. We were able to ride the wave of house prices rising and used the increase in value to upgrade to a house 4 years later.

I'm late 30s and bought at 19 with no parental help. I think deposits needed were smaller then though

£100,000 about 10 years ago. Had £30000 ourselves in savings and took out a mortgage on the rest. Couldn’t have bought anything nearly as nice in our mid twenties without their help. No idea how people who aren’t on enormous salaries save enough for a deposit without help with current house prices. I’m already saving to be able to do the same for our children as I don’t see things improving - quite the reverse I’d predict.

My parents gave us £10k deposit for our first house 2010 and then an extra £5k for our 2nd house in 2014.

A long time ago but £20k for a £202k purchase. It was a loan, it was paid back within 4 yrs.

2020 bought for £335k, with absolutely no cash (or other help) from parents. £60k deposit, mortgage is now much cheaper than my rent was (South East). I'm approaching 40 now though. Its been a lifetime of furious saving.

First house 40k from parents 10k me.

They also helped with my second house, they aren't particularly rich, dad was a lorry driver, just good savers.

Bought end of 2019 and got £88k

Ime inheritances fund more first homes than cash gifts from parents. (I don't mean living at home low rent so someone can save)

Good point though - I did get a big deposit from my mum but largely cos she felt guilty that I couldn't live at home from 18 so had no chance of saving.

@Planterina22 mine didn’t boot me but made it too unpleasant to stay. It’s not a nice experience- I can sympathise

Bought our first home about 15 years ago, no help from family. 95% mortgage and the flat cost about £160k I think (in Scotland). We had enough saved for the legal costs etc and I'm afraid I just borrowed the deposit from the bank and said it was for a car 🤷🏻‍♀️

Before that we rented, hence not a lot of savings.

Nothing. We lived with family then bought part buy part rent from a HA.

We bought last year - husbands parents gifted us £27,000 towards our first home. We’re early 30s and had saved £10,000 ourselves (which took ages and a lot of hard work I should add) but honestly just wanted to get out of the cycle of renting. When they offered we shameless jumped at the chance. If we’d waited until we had enough we’d probably have got a 2 bed semi but with their help have a 3.5 bed detached house that we’ll be in for the next 10 years.

Yep. I was always of the “parents don’t owe you help with this kid of thing” but now I have children and cannot imagine watching them struggle while I sit happily on hundreds of thousands in the bank.

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