12 April 2017

Have your kids moved back home?

The average age of a Nationwide first time buyer today is 32 and they put down an average deposit of £34,000. So it’s no surprise that many from this ‘boomerang generation’ are returning home to live with Mum and Dad, whilst saving the cash they need for a deposit on a place of their own.

And while moving back into their family home is bound to be a huge change for them, it can have a big impact on their parents too - who may just be getting used to having an empty nest.

If this sounds familiar and your kids have recently returned home, you might relate to a few of these:


  1. They expect you to be at home waiting for them all the time. It seems absolutely baffling that you have a social life as well…
  2. It’s easy to fall back into doing all the cooking/tidying/washing for them. You’re not sure who put their dirty clothes in the laundry or ironed their work shirts when they lived on their own but you certainly know who they expect to do it now.
  3. You still can’t sleep properly until they’ve got home from a night out. Yes, you slept soundly all those years they were living away doing goodness knows what, but now they’re back under your roof you just can’t drift off until you hear them coming up the stairs.
  4. Your kids have accumulated more stuff than you ever thought possible. And it’s all living in boxes in your loft, garage, spare room, hallway… 
  5. They are fiercely protective of their childhood bedroom. They may not have slept in it for 5 years but they’ll notice every little change now they’re back. Just don’t tell them you were planning to turn it into a gym.
  6. Your food and utility bills go through the roof. Who’d have thought one extra person could make such a big difference? Maybe if they turned off a light every once in a while…
  7. There’s never any space on your satallite box. There’s no space for Coronation Street and Countryfile among Walking Dead and Game of Thrones episodes, and someone seems to have deleted all the episodes of Silent Witness you were saving for a rainy day… 
  8. You should take advantage of the initial gratitude. Those first few weeks when they willingly cut the grass, fixed your laptop and insisted on clearing up after dinner are long gone. You should have got the fence painted too.

Of course, your grown up child living at home may have different view of the situation.

Why not read our 'moving back with your parents' article here

Help is at hand

You’re already supporting your first time buyer children by allowing them to live with you (and probably on a pretty reasonable rent deal), but if you’d like to help them financially too, you might be interested to hear about our new Family Deposit Mortgage

Whether you already have your mortgage with us, or you’re planning on moving your mortgage to us, a Nationwide Family Deposit Mortgage lets you borrow money against your home at a preferential rate to gift to your family. So they could be out of your home and into one of their own sooner than you expected. Terms and conditions apply.

Find out more about our new Family Deposit Mortgage

All mortgages are subject to underwriting and criteria. UK residents, aged 18+.

YOUR MORTGAGE IS SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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