Rent or Buy? Learning Objective: To explore what a mortgage is. Should Gavin and Stacey rent or buy? YFw

Rent or Buy? We should wait until we can afford to buy. Renting is chucking money down the drain. We should rent because we will be able to move out now instead of waiting. You will need to make a decision by the end of the lesson – do you think Gavin and Stacey should rent or buy?

Monopoly In the Monopoly Board Game you can either rent the site or you can mortgage it.. But what is the difference?

Your Ideal Home Kirsy and Phil would like to know the type of property you are interested in... Think about the type of home you would like to live in. E.g. Garden Number of rooms Size of rooms Bathrooms Kitchen Street Flat/House

House Hunting Go onto the website ‘Rightmove’. Each group is going to be given a different budget. You need to find a property in the Hedge End area that fits your budget. BuyRent Group 1£130,000£1500 per month Group 2£150,000£1300 per month Group 3£175,000£1000 per month Group 4£190,000£900 per month Group 5£210,000£800 per month Group 6£250,000£750 per month

Kirsty and Phil’s Challenge Using either the QR codes or the Research Packs, you need to work in groups to find the answers to the questions on your sheet. Every person from the group will need to write down the answers in their exercise books.

Location Location Location As you are watching, think about the following... What are the some of the factors to consider when buying a house? What advice would you give to first time buyers?

Decision Time Now that you have completed your research you have to decide what you are going to advice Gavin and Stacey... Should they rent or buy?