To ask how much you had for a house deposit

[smileplease6]

Not something I can ask people in real life

We are looking to buy - is a 30% deposit about average, good or not so good? This if for a £350k house.

@snowflakes

What was the right thread?! Ducklings crossing what? I’m so intrigued.

2000 - £3k - 5%

£240k deposit for a £585k flat. All savings, built up over 10 years since graduation. No family help or inheritance. We had to wait to buy until after getting visa/ILR issues sorted, we would have bought sooner with a smaller deposit if it weren't for that.

20%, £34k. Should have been more really but went on a post divorce spending bender!

£0 last year. We bought through shared ownership with a 70% share. We couldn't save with rent and childcare so this was our only option. Mortgage plus rent is the same as just our rent before so at least now we are building up equity. Plan to staircase to 100% within five years and then overpay on mortgage until we move in nine years. So hopefully we will have a deposit for the next house.

70% deposit from inheritance and 5years of savings, which meant we could get a mortgage on one income.
We went for a smaller house which was closer to the school, but enough bedrooms for DC and hopefully when they hit teenage years it will mean we can upgrade a bit or find one with an annex or enough land to build one for guests or elderly parents in the future.

Very good - we had 10%!

@StarUtopia well £20k of it is from my partner's family, but the rest of it we saved ourselves. We didn't move out until 25 so saved up money while living with our parents. I also didn't move away for university so didn't have to pay rent, only costs for bills at my parents house. We've both been working since 19.

3k in 2003

I only had £5300. It's a shared ownership house so I only needed 10% of the 40% share I was buying

I could never have afforded to buy without shared ownership

That is good and will give you good rates for your mortgage. Anything over 10% is good. When we bought ours the difference in the rate between 10% and 25-% was huge.

1991 100 per cent mgage
1998 borrowed 3k on a credit card.

First 5%
2nd 100%

1st property in 1979: 15%
(I think people saved more then, so 30% today is good)

30% is good, we had 20% for our first house.

First time was a flat £50K deposit
Second time was a house £100K deposit

Our first flat we bought in 2003 we had 20k and it was a cheap flat about 5 years later we bought our current house outright.

1993 - £3,500 deposit on a £75,000 3 bed semi - those were the days

Wages have not kept up though - that was only a small proportion of our wages then, but now if we tried to buy again, we could not afford more than a small flat.