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

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.

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.

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

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

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

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.

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

Will help with deposit when required...

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.

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 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.

We have kept a couple of flats that we owned previously as we moved up the property ladder with the view to passing these on to our children idc. They won't necessarily live in them but they could always sell to raise a good chunk to put down on a property somewhere that they do want to live.

We were unable to help them financially, but managed to assist with some furniture and repairs, updating as and when.

Got a little time before I have to think about that but I aim to encourage them to stay at home as long as possible to save up for a deposit rather than renting and I will chip in as much as I can possibly afford too.

Helped with the deposit xx

While we were not in a position to financially help our daughters buy their own homes, we did have a home of our own and could offer them a home until they were able to save sufficient funds for a deposit on a house of their own.

Our younger daughter had moved into rented accommodation with her partner however when they had our granddaughter, they began thinking of trying to buy somewhere of their own.

We offered them the option of moving back into our home so that they were not paying rent every month. Our only proviso was that they demonstrated that the money they were previously spending on rent, they put away in a secure account each month until they had enough for a deposit.

Within 2 years they had saved enough and were able to gain a mortgage to buy their own property.

I will say that having an adult 'child', her partner and a young grandchild sharing a standard size house with us was at times 'difficult', but we had expected that to some extent.
The most difficult part for me was not giving what I considered to be advice but what my daughter saw as meddling.
The other difficult part was seeing our granddaughter move out with her parents as we had been used to having her around to love and play with every day.

By selling my london home and buying a cheaper house in kent the leftover cash has gone towards my sons flat

I didn't really need to help my children as they were both determined to get on the property ladder by their own efforts. My daughter started with a small flat near a soon to open tram stop. It soared in value and she was able to buy a semi when she moved to York and later as she moved up the career ladder a detached property. My son saved for a deposit on a bungalow but I persuaded him to let me top up his deposit so he could get a better mortgage deal. He paid me back in 2 years and again has steadily moved up that ladder. So proud of them both.

They both live with me, the cheaper rent enables them to save.

The lease on the flat our son and his then girlfriend had was coming up for renewal.They were looking to move somewhere cheaper and save for a house deposit for a couple of years. (Moving in with either set of parents wasn't an option as they'd both moved away and had jobs they couldn't transfer from.) They were also trying to save for a wedding.
Mr GB had a pension mature, so we decided to give them £10,000 towards their deposit. As housing where they live is cheaper, that was closer to the 10% deposit they needed with their £4/5K savings already.
This meant instead of looking for a place to rent, they looked for a place to buy. They've been very settled in a lovely 3 bed semi in a nice area with a huge garden (Corner plot) for 4 years+ now.
It also meant they could afford a wedding earlier too.

The house our daughter and SIL bought was getting very crowded as 2 of the DGC were teenagers. Plus it was an older property with some problems. We gave them £15K, also out of the pension pot, for renovations.
They made the only bathroom a separate loo and bathroom, cutting down on some morning problems, then looked at things like soffits, guttering, leaky roof.

We decided to give them the money now, when they really need it, rather than waiting for it to be their inheritance. Plus we get to see them more settled.
We have no mortgage and enough to live on - the product of frugal habits developed when poverty-stricken newly-weds continuing, LOL,

One of our favourite sayings, "Thrifty 'til 50, then spend 'til the end!"

By letting them stay at home rent free whilst saving for a deposit

We don't have a lot of money but have always helped in other ways. Babysitting whilst they decorated etc.

It was help to get on the property ladder or help with the wedding, they choose property ladder

I've helped my son from my first marriage by providing the most part of the deposit for his house.

Teaching them the importance of saving