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

My son is currently looking at buying a house. I'm providing him with advice about what to look for, what to consider, and will be giving him my opinion on any he's considering. I'll not be able to contribute much towards the finances but will help him with furnishing it

Use any inheritance from your own parents to help your own children.

Although our sons have not purchased yet, we will certainly help them with a deposit when the time comes. There is too much disparity now between salaries and house prices.

I'll help my kids with deposit.

My parents helped me with getting things for the house but ultimately it was my savings that helped for the deposit.

We are putting money away to hopefully be able to help out our DD one day in the future.

We gave her a loan to be paid back over a set time

Trying to leave behind a small property the children to start from

Gave their deposit towards their first home

My son saved his own deposit, I offered to help but he refused - I helped him by decorating the apartment & picking furnishings etc

Sadly I have not been in the financial position to help mine get on the property ladder. Both my adult children rent. I wish it was different.

We put money but each month, that they could use hopefully towards a deposit

I helped mine by encouraging them to set up Help to Buy ISAs. One now is already on the property ladder, the other one will complete in February and the third is still saving - such a good idea!!

I would help them by giving a deposit for the house

Unfortunately I wasn't in the position to help my DC onto the property ladder as I was going through a divorce. Thankfully they were able to afford to do it themselves.

We got no help buying our first house and I'm afraid we won't be able to help our kids either. We help in other ways, eg helping with uni and letting them live rent free for as long as they want with us. WE still have a massive mortgage ourselves, so we can't afford to fund anyone else's.

with one of those savings accounts that acts as a guarantor for the mortgage payments

I helped as much as i could, when my son was saving for his house i popped a little each month into his back account at the same time he was saving this made buying quicker plus i bought them a sofa bed when they moved in.

My parents helped me out and gave me £2K which ensured we managed to get a mortgage on our first property - unfortunately it is a lot more expensive these days. We have also taken a big hit on a final pay salary pension so whilst we hope to help our three DDs they will pay us some interest on the amount we loan (considerably cheaper than a mortgage) and we are thinking when the time comes (imminently) that we will be seeking some legal advice, to protect our DDs as much as ourselves.

Giving them the deposit for a flat

I feel we helped by not asking ours to pay any rent or forcing them out, we wanted them to be able to save for their future

Five years ago, the deposit was a loan and all I did was keep a spreadsheet of the monthly repayments to me, plus any extra repayments, plus every time for went for lunch or to the theatre I wouldn't have to pay, but would reduce the amount owed on the spreadsheet. All paid back now.

If I'd felt legal help needed to be involved, I wouldn't have offered to make the loan.

Lots of selling on eBay!

By teaching them from a young age the value of their money.

My youngest daughter and husband rented initially but when the opportunity arose to buy a new build they came to live with me for six months which helped them put money aside for their new home. I loved being able to do that for them as being recently divorced myself I didn't have any spare cash to give them. They lived here rent and utility bill free with two small children too.

My elder daughter followed the same pattern when they sold an old terraced house bought by her husband when he was single. Once again I housed a family with two small children for five months this time, before their new house was ready.

My son was a different story. Encouraged by my then husband to get on the housing ladder at what was a boom time, it all made such sense, or so I thought. My son eventually got his deposit from the money my husband got from our divorce. He had all the time being sneakily organising a bolt hole for himself in case his affair lady didn't quite work out the way he planned. So, ouch, that purchase does have a sting in its tail for me, but certainly due to no fault of my son who is now desperately trying to sell this old terrace for a bigger property for his new wife and family.

No doubt my son will come to live here with me if the house sells before he buys a new one. So yes, I have managed to help.