Close Menu
    Vereinigtes Königreich

    Die große Anzahl von Erstkäufern, die sich auf eine Kaution auf Eltern verlassen

    Share.
    View 27 Comments

    27 Kommentare

    1. Toastlove on

      Is it basically all of them? I had inheritance, a decent deposit and still needed a bit extra from parents

    2. Haliucinogenas1 on

      Because most young people’s wages are going towards rent and bill payments….

    3. crazyuptown on

      Now I know why I can’t afford a house where my colleagues of same ages can. 

    4. Sad-Ad-694 on

      Literally everyone I know who has a house had massive parental help. They were also the kids who had driving lessons and a car bought for them at 17/18. Some people have that luck and that’s the way the world is. It only annoys me if they act like they’re ‚better than you‘ because of it…

    5. Positive-Warthog2480 on

      I didn’t have any help. We had to work massive amounts of over time, my partner took on night shifts, but we got £15k saved up for a 5% deposit and solicitor within a year. I wish I had parental help.

    6. lordnacho666 on

      Reliant on parents, and reliant on having a partner. So the earnings and savings of six people (though of course people have siblings too)

    7. merryman1 on

      Hardly surprising. Especially if you’re single, the gap between what a bank will even loan you versus the cost of basic starter homes means you’re looking at needing a deposit running well into the tens of thousands to have any hope of getting somewhere. Its completely unreasonable to expect an average person to be able to save that kind of sum while also renting and trying to keep up with life.

    8. ColdCoops on

      Is it any wonder. I’ve just had a quick look through where I was as a first time buyer:

      I managed to save up £20k to buy a £142k flat back in 2016. My mortgage rate was about 1.9% and I paid £550ish per month.

      Salaries haven’t gone up that much so I’ll assume someone in the same position could save up £20k as well.

      I don’t live in the flat anymore but the one next door sold recently for £235k. So with the same deposit, same flat and new price and new interest rates the monthly repayments would be about £1,200.

      I don’t see how younger people can get on the property ladder and still have a life.

    9. FaceMace87 on

      I recently spoke to my older parents about this. Just for context, they have barely helped me at all in life let alone when it came to saving for a deposit, they just like to pretend they did. We were talking about this kind of stuff and they came out with the usual „well kids shouldn’t spend their money on phones, Netflix etc, when we were younger we just worked and saved for a house“.

      They didn’t seem to like it when I replied with „it isn’t a great triumph for you not to have things that weren’t even invented, if you were growing up now you would also spend your money on those things“. Like that is even the reason kids can’t get on the property ladder, I just couldn’t be bothered to get into that with them.

      I swear older people live in some fantasy land where they have convinved themselves they lived through the toughest times in history and they just knuckled down to get everything they have.

    10. silent-schmick on

      Mom and dad giving money to their children to pay for the prices demanded by mom and dad.

    11. louse_yer_pints on

      This was Thatcher’s wet dream. You make as many people as possible homeowners with right to buy which also drives house prices up then that funds home ownership down the generations. If for whatever reason you can’t tap into that then yer feked.

    12. Careful_Adeptness799 on

      How is this news? We’ve needed help from the bank of mum and dad for decades.

    14. Tookarn on

      I was only able to buy my first house because I invested in crypto before it went mainstream

    15. Lynberi on

      Not surprising at all. We live in a fairly cheap area of the country and still needed help.

      We saved the deposit “ourselves” but with having the option of living at home with parents & a global pandemic that halted our spending. But the fees, moving, furniture, decorating etc all really adds up and can be a massive hurdle for most people.

      It’s such a shame that, even having 2 well paying jobs, people can massively struggle without some help from parents or inheritance. For those that don’t have that available, it just doesn’t seem fair at all.

    16. Dark_Akarin on

      Step one when buying a house, move back in with parents and save like your life depends on it. If you can’t, you are fucked.

    17. DampFlange on

      Is this really a surprise.

      I was earning £18k per year in 1990 and bought my first house that cost £44k.

      Starting salaries are only marginally higher now, £23-£24k, yet houses are 3-4x more expensive.

    18. Li_Li_Willis on

      This has been the case for a while! I needed help from my parents to afford my first home and everyone else I know, even couples who bought their first home needed help from their parents in terms of the deposit. All of us still saved a decent amount but we still needed help!

    19. shysaver on

      I didn’t have any help but I bought my house at 35, was renting for 15+ years.

      The main issue is the income multiplier, banks will only lend you a certain muliplier (like 4x) of your income. So if you’re on £30k realistically that’s like £120k max they’ll lend, so you’d need to make up any shortfall on a deposit….and if you live in an expensive area that’s gonna be a lot of money.

      Buying as a couple does help reduce that deposit requirement though.

    20. Jolly-Minimum-6641 on

      I know someone who now has 55% equity in their flat, aged 26, because their father somehow got shafted on his own mortgage (I don’t know the full details) and got some kind of compensation. He helped her along.

      I know someone who bought a Cambridge flat (i.e. not cheap) in cash because he was the only child of wealthy older parents and his father died. He inherited several hundreds of thousands of pounds and is planning to retire early by selling up and moving somewhere cheap.

      Someone else I know, his dad got some kind of compensation or rebate on an insurance policy and was able to gift him five figures.

      The only people I know who did it „the old fashioned way“ are putting down 5% deposits on a shitheap and getting crazy long mortgages.

    21. Deadliftdeadlife on

      Worked 6-6 6 days a week for 2 years to get mine

      If I had to rely on my parents I’d have never gotten it. They’re skint

      It’s fucked. And it’s only gonna get worse

    22. JLP99 on

      Just to look up a graph of the value of wages versus house prices over the past 50 years.

    23. Affectionate_Day7543 on

      No parental help or inheritance here, still renting. Everyone I know that has bought has either had help from parents or inheritance. Don’t know a single person that has actually managed to graft and save themselves without living at home

    24. devicer2 on

      57% received help from friends? I’ve never heard of anyone getting a friend to help them with a deposit, that seems really high, plus who in the same younger age bracket as a first time buyer has enough spare cash to do that? Maybe it’s just tiny amounts but counted as assistance regardless, https://www.tsb.co.uk/news-releases/80-percent-of-first-time-buyers-moved-back-in-with-parents.html seems to be the original survey/press release the stories all come from but it’s not got the full detail.

    25. pippagator on

      We had zero parental help and had to spend our ENTIRE 20s saving every last penny to buy a house. And that’s with 2 of us. Single income folk have no hope.

    26. PlaneWar203 on

      I hate how people use buying a house as a flex. Someone on Reddit was saying how they didn’t understand how their friends weren’t happy for them and seemed resentful when they said they bought a house. The person was in their thirties, had lived at home their entire life, didn’t pay their parents rent and have a YouTube channel where they privilege-splain to other people about how to save money and be frugal..

    27. Illustrious-Engine23 on

      I mean yeah, I’ll be getting help from my parents for deposit and the mortgage advisor said basically 90% of mortgages are the same situation.

      The housing market is entirely broken currently, both renting and buying so it’s basically impossible to.save for a deposit.

      I just want a house so my rent payments go back to me rather than my landlord’s mortgage. I don’t want to keep paying endlessly higher and higher rent, above salary increase. I think the whole system is totally broke and I should be rehauled but I just want to survive man.

    Leave A Reply