Bank of mum and dad

JennGa

We had 25k deposit saved, the in laws have given us a further 25k that we would inherit in the future anyway. We are using 42k as deposit and the rest for fees and more furniture.
We are buying in the south east so prices are a bit ridiculous. We are very lucky.

lee111s

My parents gave me 12k to buy my first place last year. Originally I was borrowing 6, then my Dad said just pay me back 4 then last month when he retired (only 49 the lucky so and so!) he told me he didn't want any back as he'd rather me pay it off my mortgage as he knows I'm a keen over payer!

hcb42

We had nothing, there was no way they could have afforded anything, and we didnt expect anything either

Worry_Wart

My dad surprised me with a gift of 10k last year, which I put with my own 20k I'd saved. He said he doesn't want it back but it will be there for him if he ever needs it (in a couple of years time when I'm solvent again).

I put myself through (seven years of) uni and have led a pretty independent life from the age of 15, so I don't feel guilty about taking it!

moneyshoe

When we bought our first flat the £25k deposit came from money my boyfriend (now husband) had inherited from his dad, I paid 5k for fees etc that I had saved myself. Obviously we would have preferred no help and OHs dad to still be alive.

jules888

No help from either sets of parents of me or my boyfriend.
Didnt expect it either.Kids are spolit enough these days as it is!

SerialRenter

No gift help, but there's always the offer of a loan from the bank of Mum and Dad, with a fixed interest rate compatible to best of market.
Keeps me financially independent and taught me to budget repayments.

Used for my 1st car, set up costs for my 1st rent, and I'll likely do the same to top up my first house deposit.

But it goes both ways, he's borrowed money off me when I've had some spare so he could get a new shiny car a few months early.

LandyAndy

When I bought my first house, in 1980, my then FiL gave us £1,000 which was a fair chunk of the £16,950 purchase price. It was a loan but we'd only paid about half of it off when he said we could keep the rest.


When I bought my most recent house, 2006, my late father gave me £7,500 towards it.

pcgtron

Bank of Mum and Dad helped out to the tune of £40,000. I'd saved £20,000
Then had to borrow a further £5000 to be able to get a mortgage which I've since paid back.

I am very lucky and managed to buy a flat in London with the money.

neneromanova

Borrowed £25k off my parents (They gifted us £10k of it for either a house or wedding) and we've been paying back the £15k for the past 3 years. Last 6 months to go

We're very lucky that they managed to upgrade the size of their house at the right time for the equity to go through the roof. £46k house in the 80's to near £1mil now. Shame we won't see that kind of equity rise