House Buying… • 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.
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. L3Most… …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!
Let’s 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!
DON’T 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 HouseYou 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 HouseToday 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.
£395,000£1,350,000 £300,000
£200,000 £395,000 £299,950
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….(2nd clip only watch 1 minute)
