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House Buying…

House Buying…. Starter… On your sheet you have a gap in the middle of the houses. Draw the dream house that you will have some day. Key words… Mortgage Saving Borrow Interest Deposit. For this session house prices means how much money do house cost.

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House Buying…

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  1. House Buying… • Starter… • On your sheet you have a gap in the middle of the houses. Draw the dream house that you will have some day. • Key words… • Mortgage • Saving • Borrow • Interest • Deposit

  2. For this session house prices means how much money do house cost. Mortgage means how much money can you borrow to get your own house! DON’T FORGET TO LOOK BACK TO LAST WEEKS LAST WEEKS WWW/EBI FOR TARGET! This term we are going to check our progress slightly differently! You are going to be learning about how to live in the culture outside of school! To check progress you will use the map each lesson to mark on prior knowledge, knowledge after lesson and a WWW/EBI at the end of each lesson! Let’s get started! Click to find this lessons box and the key to complete….

  3. Moving House If you were to move out of your parents’ house, what would be the factors you take into consideration when looking at accommodation?

  4. Moving House You have a few options when it comes to moving out of your parents house • Buying • Renting • On your own or by sharing • This might be at university

  5. Buying a House Today it has become very difficult to get a mortgage to buy a house. Lenders often want a minimum of 10% deposit, which is rare for young people to have at their disposal. How much does that mean you would need for a £120,000 house?! Recent government initiatives have reduced this to just 5%. Now work out 5% of 120,000 The scheme is only applicable to new builds – which there have not been many of and mostly are apartment buildings, not houses.

  6. £395,000 £1,350,000 £300,000 Some local houses in Canterbury. See sheet for task! £299,950 £395,000 £200,000

  7. Click on the images and watch the clips…. (2nd clip only watch 1 minute) Answer the questions on your sheet!

  8. W.W.W. What did you do well today? E.B.I. What could you do to improve next time? In red pen- Write five sentences summarising this session… Now reduce that to five words… And finally to one word. Plenary: Have I met my learning objectives?

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