House deposit

[notanotherfucker]

Just curious did your parents help with a house deposit? And how much? I recently bought a house but couldn't have done without the help really.

Dh's dad helped, my parents didn't. We could have done it without the help but it was nice to have a bigger deposit

We didn’t as we bought when houses were relatively cheaper and parents didn’t help much, well not in our circle of work and friends. We fully expect to help DS 26 though, if he buys alone probably about £10-20k. I would think we probably wouldn’t if he bought with someone else as it is more affordable for 2 to buy together

No help. I just took part-time jobs on top of my full time career and spent very little to save a lot.

No help, but lived with parents whilst I worked, this enabled me to save for my deposit ( did the help to buy) so I suppose in a way my parents did 'help'.

No help and wouldn't expect it. We are still saving for our deposit but are almost there. We just live very frugally and save what we can.

Yes and no, they didn't pay anything but they allowed me to save more a month than if I was renting by charging a low amount of keep when I moved home between uni and moving into rentals before finally buying.

No. Been renting for the last 10 years whilst saving for a deposit. Bought our house last year with no external help

No help here.

Nope, we bought in 2005, bummer. I don’t know anyone that had help from parents

Yes. We.bought in 2009 and inlaws matched our savings with a loan. We paid it back over 2 years. We were very lucky that they were willing & able to lend to us, we wouldn't have been able to buy without it.

Yes and no.
Nobody actually gave us a lump sum to go to a deposit, but both sets of parents allowed us to live with them rent free and generally made things as easy for us as possible so we could save.

Yes, my DM gave me the deposit for a flat when her DF / my DGF died and she got her inheritance. I used to pay her £100 a month though and the deal was I’d pay her back at some point, but sadly she passed away before I had the chance.

No help. Bought in 2013. Almost all my friends had substantial deposits given to them, and seemed to think they were somehow better than me because they bought first. I feel proud what we achieved on our own though.

They helped in that they loaned us some of the deposit money interest free. We have paid it back in full, but obviously saved the interest and allowed us to go straight to a large 4 bed rather than a ‘starter home’.

No help here, we have been saving for years for our deposit. Slowly getting there

Yes -20k. I had a shared ownership flat and the only way to move up the ladder was to pay out the HA with the gift from my parents. Honestly, had they not, I'd be stuck.

Funny there's a study on shared ownership which says most people never staircase unless they get a gift from their parents to do so

We had a lot of help - DD discounted a house for us by £120k. We had a deposit of £30k anyway so could have bought somewhere else, but it meant we could buy a bigger house.

DF not DD!!!

DH paid the full deposit on our house from his own savings - I had no savings of my own, and neither of us had help from our parents. He's on a good salary and is very frugal, so was able to save a big deposit on his own (before we lived together). I had a low income and had dc to look after so wasn't able to save much. We bought in 2012.

No help, but I had a 100% mortgage and solicitors fees were only £600.