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

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Presentation transcript:

House Buying… Key words… Mortgage Saving Borrow Interest Deposit Starter… On your sheet you have a gap in the middle of the houses. Draw the dream house that you will have some day. Objective: To identify the implications of buying a house. All… …can give a basic description finance involved in buying a house. L3 Most… …can describe finance involved in buying a house and identify difficulties in this. L4 Some… …can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus… Use colons to show you are starting a list.

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! Lets get started! Click to find this lessons box and the key to complete…. 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! DONT FORGET TO LOOK BACK TO LAST WEEKS LAST WEEKS WWW/EBI FOR TARGET! 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! DONT FORGET TO LOOK BACK TO LAST WEEKS LAST WEEKS WWW/EBI FOR TARGET!

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? Objective: To identify the implications of buying a house. All……can give a basic description finance involved in buying a house.L3 Most……can describe finance involved in buying a house and identify difficulties in this.L4 Some……can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus…Use colons to show you are starting a list.

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 Objective: To identify the implications of buying a house. All……can give a basic description finance involved in buying a house.L3 Most……can describe finance involved in buying a house and identify difficulties in this.L4 Some……can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus…Use colons to show you are starting a list.

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. Objective: To identify the implications of buying a house. …can give a basic description finance involved in buying a house. …can describe finance involved in buying a house and identify difficulties in this. …can describe finance involved in buying a house explain what measures need to be made to do it. Use colons to show you are starting a list.

Objective: To identify the implications of buying a house. All……can give a basic description finance involved in buying a house.L3 Most……can describe finance involved in buying a house and identify difficulties in this.L4 Some……can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus…Use colons to show you are starting a list. Some local houses in Canterbury. See sheet for task!

Objective: To identify the implications of buying a house. All……can give a basic description finance involved in buying a house.L3 Most……can describe finance involved in buying a house and identify difficulties in this.L4 Some……can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus…Use colons to show you are starting a list. Click on the images and watch the clips…. (2 nd clip only watch 1 minute) Answer the questions on your sheet!

Plenary: Have I met my learning objectives? W.W.W. What did you do well today? E.B.I. What could you do to improve next time? Objective: To identify the implications of buying a house. All… …can give a basic description finance involved in buying a house. L3 Most… …can describe finance involved in buying a house and identify difficulties in this. L4 Some… …can describe finance involved in buying a house explain what measures need to be made to do it. L5/6 Literacy focus… Use colons to show you are starting a list. In red pen- 1.Write five sentences summarising this session… 2.Now reduce that to five words… 3.And finally to one word.