How much do you plan to give DC for house deposit?

[Notmycircusnotmyotter]

As the title says. If you're able, how much do you plan to give your children to help them buy a house when the time comes?

I'm in the SE so really you need £50k min. I think. Trying to plan ahead.

We don’t , they can live here rent free so that they can save , also SE .

So far £15K each, hope to add more at some point.

At the baby stage so hoping for £50k in today's money (likely to be nearer £100k in 20 years' time...shudder!).
In SE currently but planning to move out to an area in the north which is cheaper than SE but still quite affluent/ expensive "as the north goes" if that makes sense

I'm hyper aware that the financial help I was given meant that I was able to exit a bad relationship and take the children, because I owned the house (not married). I want to give that security, especially to my daughter.

We have saved £100 a month from birth - nearly 18yrs. The investment has done okay - just under 40k so start as early as you can is my advice! It adds up.
I would have liked to start a pension for them really, but didn’t think about it at the time. Not sure if you can contribute to an over 18’s pension.

We will probably be able to add a bit more, so most likely 50k by the time they’re looking to buy. We only had two kids so we would have the means to help - everything is so expensive now, its hard without a bit of a family leg up.

Like a previous poster they can live at home and save. I was fortunate to be gifted a deposit 25 years ago but that was about 3k on a 50k house purchase! The same house is on the market today for £225k Crazy!

I should have said that ours also had savings that we had been saving over the years .

My DS is buying his first home now with his gf, we were going to give £20,000 but decided on £10,000 and then will help buying furniture. We could afford more, but he has saved for a long time and lived here rent free so he could save, we are also just retired with only small pensions, so mainly living off savings, so do have to be more careful. He is really happy with what we are giving.

Ours will have £20k each for university accommodation costs (they'll only be entitled to the minimum stipend) and then they can live at home rent free to save for a house deposit.

We must have gone wrong somewhere as we also invested £100 from birth and at nearly 18 our DS will have around £20k not £40k!

Nothing. Money was in short supply when they were growing up. The small amount of savings I have is for my retirement.

They will have to do it the hard way,I'm afraid.

i struggle month to month to survive. If I inherit I will pass it straight to them, but I doubt I’ll get anything as my sister is busy persuading them I’m the devil 😬. My home is my children’s home and I’ll be honoured to have them here till they have a deposit. They’re both lovely people and good company so not an issue.

No idea yet.

As far they know nothing which is the incentive they currently need to work hard at their studies to get into the best uni they can to study a subject they enjoy that will lead to decent paid careers

They will receive a decent amount from their CTF to do with what they want at 18

Eldest is following this path and currently at an excellent uni and playing around with their CTF money in shares whilst budgeting very carefully on a day to day basis and not spending the CTF money

Ds had ctf and saved half into an isa. He has added to it over the years and will be buying a house this year age 24. We will not be able to give anymore. He has had 8 months living with his gf family and they have charged them no rent so have been able to save which is very lucky.

I hope to have around £20k in savings for DS (he’s an only) by the time he’s 18. Realistically DH and I will probably both inherit, we expect to have paid off our own mortgage by the time we do so I would then plan to give a big chunk of that to DS. Yes I want him to have a good work ethic and save himself but we’re also in the SE, property prices are already so crazy, even if we give him £100k then he’ll still need a massive mortgage.

I would help if I could, but we will have spent all our savings on their university years so it’s not much left. We saved from birth from them and I am telling all my friends with young children to save, save , save

We got 100k from in laws and nothing from my parents in the NE. I saved 40k myself so it meant we could buy our forever home and will be mortgage free by 45. Expecting first baby now aged 26 so hoping we can put the same aside for ours

It’s not something I’d even thought about tbh. Maybe if we get inheritance that was surplus to our requirements perhaps I’d share some. We’ve been saving since they were born and they’ll have about £12k by 18 but I envisioned this going towards a car/uni.

I don’t think we’ll be able to give them anything really.
Theyre very lucky that my parents will and have planned to do so (in their will)

We have 2 DC and are aiming for £50k each. We live in the south east and it’s going to be near impossible for them without some help from us and we want them to be able to have that security. It was a major decision for us not going for a 3rd DC. They will also be able to live at home to save up their own money to add to the deposit too for as long as they wish.

My son lives with me now whilst saving up a house deposit...in just over a year he has saved 15k...he will be looking at houses up to 200k and his salary is 53k so he needs a 20k deposit.

I have not even managed to save a deposit for myself yet. They do have savings that are added to every month.

Around £35k but have also for the last year or so been contributing to dd's LISA. DD moved home last year to save for a flat deposit. She wants to stay in London so guess that in about 5 years time she will have saved enough for a damp basement in zone 5 (only partly joking).

Will also be able to put money towards solicitor fees, furniture etc.

Nothing but they are welcome to live rent free here if saving. That said 2/3 are currently buying by saving/inheritence up so I have dc/dsd who are good savers. One has saved £42k so far and her dp similar, very driven, the other has a dp who is a great saver and has inherited off a grandparent. The final one lives rent free in her dps family's investment property anyway, it will be signed over to them in due course as is tax efficient in that country,

Depends on a variety of factors really - I'm saving for uni/house deposit in the same pot so depends on what/how long he studies. Probably £120k overall (investing £350 a month) but not sure how the split will fall. Influenced heavily by the fact I only have 1 child, and I struggled massively with no help to get on the housing ladder (and the fact I can afford it!)