Find out how Gransnetters helped their DC get on the property ladder

We saved, saved, saved. Any birthday money, Christmas money, inheritances, gifts etc, all stashed away. Came to the tidy sum of £25,000 when needed. Hard work, but worth the fact our son had a house deposit at the end of it.

Advised and then helped my son open a Help to Buy ISA last year. Only a small thing but every bit of financial help is good.

We were able to assist DD on to the property ladder as we bought a house to renovate and then sold it to her at the price of pre-renovation although we had done all the work on it so it was worth a lot more. Since then we have purchased other properties to rent out, & some to renovate & sell on which has enabled us to set up a Bare Trust for each Grandchild with a rental property providing them with rental income to invest, & when they are 18 will have a mortgage free house to either sell, or live in.

Will help with deposit when required...

We gave our two of our sons a large amount of money, so this helped them with their deposit

As DD had to give up her rented house as the owner wanted it for his son she went to live with her grandparents, this was never perfect so when she had the chance to buy with a shared ownership 75/25 it was too good to miss, she did have some savings but on her low income getting a mortgage was always going to be difficult. As I owned a half share of a rented house I sold my half which then gave her the funds to buy her share, and we made a none legal agreement that she would repay the money at £200 pm, which she has been doing without fail for the last three years. She has now purchased the other 25% of her house as she was made redundant and got a new job with in days so didn't need to have a reserve fund. I do over help like the new sofa in the sales as the old one was well past its best, and tell her to get something for the house in the sales, but this is more a case of her living a good two hours away and if she were close I would have spent money on her if only for coffee and cake each week. I know I have been lucky enough to help her but I was left money from an aunt when I most needed it so now feel good that I have been able to help her when she most needs it.

Unfortunately, I'm not in a financial position to help.

we put away a small amount a month from child benefit and until they started school and sat on it for years

Encourage regular saving but recognise that if necessary you will need to step in with a substantial amount

Mine still live at home but I save half of their rent (they don't know I do) to give them when they move out. They also have taken out LISA's and save well.

I have put savings into ISAs and other cash building accounts in trust for my children for when thy are older. It is up to them what they do with the money, but It would please me if they were to put it towards a deposit for a first buy home.

encouraged them to save up as much as possible whilst still living at home

Never been able to help.

my daughter nisnt looking to uy righ tnow ut when she does we have property abroad left to us by the in laws when they died so id sell those and give her the money from the sales

My parents gave me the deposit for my first home and I will be forever grateful.

My son currently rents a tiny studio flat and is quite good at managing his own money. However he is not able to save any so when the time comes we will help him with a deposit......my view being that he has it now when it can do some real good or when we die.

DS and Girlfriend stayed with us on a very low rent, this gave both our DS and girlfriend time and money to save for a deposit, would recommend this to others .

We are actually giving our daughter some money towards her deposit, she is a single parent and is trying hard

i am saving up to help with a house deposit.

Encourage them to save and help with deposit cash if you can. There's no easy option, buying today is very tough on young people.

I've never been in a position to help my son out financially. However luckily he has a housing association place that is brand new and far nicer than anywhere I've lived! My house is falling down around me. If I die in within the mortgage term there will be something to pass on because of the life insurance...if not I'll be kicked out and have to go and live in his shed!

we paid for our daughters wedding, so they could use the money they had saved towards their deposit for their house

I'm not able to give them money towards a deposit, but I can give them suggestions for example I encouraged them to start a right to buy ISA.

They lived at home for a few years at various times to save money. I didn't have a lump sum to give them so had to help in other ways. I helped to furnish their houses too. Very difficult for them to get going nowadays.

Unfortunately at 42 , im still not on the property ladder myself. I had my elder children quite young then became disabled so had to give up work. My husband works full time with a decent wage , but not enough to save for a deposit