Chesterfield News

Mortgage 1st goes back to school to teach pupils about finance

Throughout October members of the Mortgage 1st team have delivered ‘Future Financial Planning’ lessons to 6 classes of year 9 students at Shirebrook Academy.

These students are beginning to think about their future careers and the lesson on mortgages and financial implications sits perfectly alongside the other financial and personal development lessons they are having this term about wages, credit, budgeting and savings.

The Mortgage 1st Future Financial Planning lesson was written by Operations Director Lisa Stones and was delivered for the first time last year to over 150 year 9 students.

Lisa said: “When I as at secondary school, I remember a bank visiting and talking to us about opening a bank account, but that was it, there were no lessons about ‘real life’ finances or managing money. Its something I’m very passionate about so during the lockdowns last year I set about writing a lesson.

“With the involvement of our local secondary school we are now in our second year of delivering these lessons after being invited back. Even if just 1 student remembers something I’ve said and it helps them in the future financially then its all been worthwhile!”

The lesson involves discussions around what is a mortgage and average house prices across the UK. It then goes onto calculating the cost of a mortgage using different salaries and deposits. What really brings all the discussions to life is when the classes look at a real house that is for sale currently just down the road from the school.

Mortgage 1st has since been recommended to a number of other local schools and colleges and are excited by the opportunity to be able to deliver the lessons to even more students over the coming years.

If you work within a secondary school, academy or college and are interested in these future financial planning lessons, contact for more information.

Mortgage 1st supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 180 organisations across Chesterfield and North Derbyshire.

Josh Marsh

Destination Chesterfield Coordinator (Investment and Marketing)

Email Josh

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