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

Our son will inherit our house, we do not have the money to be able to assist him financially.

Only one of mine has bought a house. We helped with the deposit and treated them to a new suite. At the time we had just sold our caravan and had loads of kitchenware, bedding etc that we didn't need so that was a big help to them.

It's important to set up an investment from the day the child is born these days. It's so difficult for kids to get on the property ladder. I had no help from my parents but things were different back then. I've made provisions in my will for my great niece, god daughter & godson so that they will receive a lump sum at the age of 21 to put down a deposit on a new property although hopefully I'll still be alive to see them at that age

Not in an financial position to help the ( wish I was ). but would invest my savings with their building society ( if I had any ) to offset their deposit. Also if they stayed at home I would charge them board but not rent on cndition that this money was saved for a deposit

i have encouraged saving throughout and said i would contribute half of any deposit

Start saving each month in an investement trust.A small amount each month will soon build up .

We bought our first house in the '80's and were very lucky to have half of the cost of it as an inheritance from my late father in law - we really did appreciate the helping hand. The mortage was paid off some time ago, and my son knows that one day the property will become his. He also knows that if he and his girlfriend decide to buy their own property (which won't be long I suspect), we will help with the deposit or whatever is needed, if we can. He's an only child, and is very aware that he is lucky in that respect, but remains a hard working young man, determined to stand on his own two feet if he can. Let's face it, who else am I going to leave things to?
As a family we have always helped each other whenever we can, whatever the circumstances, so helping with money is no different (if funds are there), as long as there is mutual respect.

Not financial help unfortunately but gave advice on how to be savvy with savings, helping with basics to furnish their new home

Apart from a gift when my mother died, our children received no help from us at all. We supported them through university, and then they got relevant jobs. Our DD has bought a house in Norway (where they're more expensive), and our DS is living in rented accommodation whilst saving to buy.

we put money in a savings account but it was in. No way enough to help. Our Daughter and her Husband had to do it on their own. We now save for our Grandson but it will also be insignificant for him getting in the property ladder.

Saving hard to put money aside to help as much as I can for when the time comes but I think she likes being at home too much, which suits me!

I am putting money aside to help with their deposit. I have a small second property (my pension) which could be used as a guarantee against a loan.

I also have not been on a position to help my children buy a property. I have helped in other ways, which hopefully is equally important.

I saved deposits for them from when they were young of 10k each to get them on the property ladder

We helped our daughter by contributing towards her deposit and helping with all the paperwork involved with setting up her mortgage. This was approximately 6 years ago.

we did it on our own and i know the cost of ownerships gone up significantly so we will have to help out.

We helped our eldest daughter and son-in-law with their deposit when they bought their first home and will do the same with our youngest daughter. We are pleased we helped them get on the property ladder and when they moved they rented their first home out as my son-in-law is self employed so is seeing this as his pension.

My 18 year old granddaughter has been living in a mother/baby home for the past. 4 months. I would love to be able help set her up with a home of their own either rented or bought.

We’re planning to help our DC with house deposits, but it’s hard to find a balance and not leave ourselves short in retirement.

We used the large equity in our house as security for loans to get all three children on the property ladder. It was pure luck our home appreciated so much in value so it seemed fair to give some of the increase to them to counteract the price of (appreciated) homes. However, loans are expensive to service (even given low-interest rates) so we are now selling our home to pay them off.

We passed on money inherited from parents to our daughter so that she could buy her first house about 4 years ago. We hope to do something similar for our son but he is highly independent and at present says he does not want to take our money. However he is currently living with us rent free so that he can save the bulk of his salary and I'm sure we will find other ways to help him too.
My parents were not able to help me financially but an older relative gave me £2000 for a deposit on a tiny London flat; this was in 1985 and I was at risk of being priced out if the market if I did not get onto the property ladder quickly. I am very grateful for this help as it set me up well for the future and I was determined to help the next generation as much as possible.

We live in one of the most expensive areas in the country outside London. Our daughter saved for many years and finally bought a small property with her husband but we had to help with the stamp duty with was almost £10k. A few months later stamp duty was drastically reduced by the government. She has almost repaid us this amount after several years.
Our son, who is single, rents a one bed flat and is paying someone's buy to let mortgage but we will help him soon with a deposit either by downsizing or freeing up some pension money, it is the only way he will ever be able to buy. He currently has a 'help to buy ISA' which is slowly growing.
Where I live I don't know of any AC who have managed to buy without parental help.

Our daughter has been renting for more than two years after a painful divorce. We hope to help her with a deposit to get her on the housing ladder. A similar sum will be given to our son to help with de corating and buying a new boiler.

My DS worked very hard to get an honours degree in Motorsport Engineering. It was always his dream to work in F!. After 18 months working for Toyota in Cologne, he returned to UK to work for Renault F! team;living the dream. I had retired so did have some cash available to help with the house deposit. A just reward for all his, and his girlfriend's hard work.

I came into some money following a personal settlement. I needed to ensure that the money covered my immediate and future needs. I invested in a property and my daughter and Sil rented it for a few years. This gave me an income. They then wanted to get onto the property market and I sold up and took some money from my rental property and it has acted as a deposit for them. A legal document was drawn up to show my percentage of the property and I expected to get that from the property when I retire. I could have charged them rent but chose not to as I knew money was tight. (Paying the mortgage is £350 less than renting!) My circumstances have now changed and I have asked for some of my money back. This will be done as a remortgage this year. As they are now in better and more stable jobs this should not be a problem. Communication and keeping accurate records is a must.