Homes & Gardens

How the Debt-to-income Ratio for a Mortgage Works

You might be wondering, "Can you get a mortgage with debt?" Banks use something called the Debt-to-Income Ratio to decide if you can borrow for a house. This blog will show you how to calculate debt to income ratios and what numbers lenders want to see.

Stick around, because getting your dream home may depend on it!

Key Takeaways

  • Banks use the Debt-to-Income (DTI) Ratio to decide if you can get a mortgage. It compares your debts to your income.
  • There are two types of DTI: Front-End focuses on housing costs, Back-End includes all debts. Lenders
  • ...

Liv Butler

Liv Butler

Posted:

Decorating advice and a free breakfast at Exeter builders merchant

Authored by News Desk
Posted: Fri, 04/13/2018 - 4:22pm

The Exeter branch of RGB Building Supplies is inviting those that work in the trades and keen DIY enthusiasts to a free decorating breakfast morning on Tuesday 24th April.

Between 7.30am and 11am, free bacon butties and cups of coffee will be served while leading industry names, including Crown, Farrow & Ball, Bedec, ProDec and Tembe, will be demonstrating products and answering questions.

As well as receiving 10% off all paint throughout the day, everyone attending will have the chance to win a replica football shirt in a free prize draw.

Paul West, Branch...

Barratt Homes reinforces position as the UK’s most recommended housebuilder

Local housebuilder Barratt Homes has received the maximum 5 star rating in the new Home Builders Federation (HBF) annual New Homes Survey.

The number of stars awarded is based on responses to the question “would you recommend your builder to a friend?” For Barratt to have been awarded 5 stars means that more than 90% of its customers would recommend their homes to a friend.

Barratt is currently the only major national housebuilder to be rated as 5 star for nine years in a row, having first been awarded the accolade back in 2010.

With 2018 also being the 60th...

Survey reveals significant number of Brits opting to share bedrooms with their beloved animals

Pet owners just can’t bear to be apart from their animals at night according to a new survey - with nearly a quarter of those asked allowing their companions to sleep with them in the bedroom.

Five star housebuilder Barratt Homes, which is bringing new homes to Exeter, carried out the survey, asking 2,000 people where their pets generally sleep. A significant 23 per cent said the bedroom, closely followed by 20 per cent allowing them to spend the night in the lounge. The news comes during April - which is designated National Pet Month in the UK.

“Pets are important for a...

Sign up now to EDDC's new green waste collection service

Authored by Mary Youlden
Posted: Thu, 04/05/2018 - 10:50am

East Devon residents can now sign up online to a new fortnightly green waste collection service which is being introduced by the district council from Monday May 14.

Our kerbside collection will make it so much easier for East Devon’s green fingered residents to dispose of their green waste, which will be composted in East Devon and used by local farms.

Over the next few days, the district’s 69,000 households will each receive a bin hanger giving more details of the new service which will cost £48 a year, with an introductory offer of a free 240ltr green bin.

East...

Ways to pay for spring clean home improvements

Spring is here, so home improvements are definitely in the forefront of peoples mind. The only thing about these types of projects is, they don’t tend to come cheap. We have put together some financial planning options and advice for you so you can give your home the spring clean it deserves.

Use your Savings

If you do have a rainy day fund, why not use it for home improvements rather than holidays or a new car? Effectively you are making your living environment a more enjoyable place to be, and it’s actually an investment in your property . Changes to your home can...

How to achieve a beach vibe In your home

With warmer weather just around the corner, our attention is turning to all things summery and nautical. Gone are the dark winter evenings, pumpkin-spiced lattes and cosy blankets – instead, it’s time to freshen up your home for the upcoming season.

So, whether you live near the sea or you’re simply craving a more laid back interior style, there are plenty of ways to bring the beach vibe into your home in time for spring. Here are some ideas to help you spruce up your space.

Coastal Colours

Achieving a beach vibe in your home starts with creating a colour palette....

The improvements that add value to your home revealed

A home is easily the biggest investment you will ever make in your entire life. For some people, their house is, in fact, their retirement fund, and they have plans to sell it and downsize once they retire. It can also provide you with much-needed funds through home equity loans and lines of credit. It’s a nest egg that grows in value over time and that you get to enjoy in the meantime.

With that said, most homeowners want to be sure that they are doing all they can to add to the value of their home over the years. This means simple things like maintenance and repairs when needed,...

Preparing your home for summer

Authored by News Desk
Posted: Wed, 03/07/2018 - 10:13am

The British summer is something that is temperamental at the best of times, but there is nothing that stops people from welcoming the balmy weather from the moment the temperatures start to rise. It is a time when family and friends can come together to enjoy the sun after the cold nights of winter, but your home might not be ready to start hosting after such a dreary and long winter. Your garden might not be looking fresh and green, or you may not have done your spring clean yet. Fortunately, there are a few small tips you can follow which will get your house looking and feeling summer...

EDDC agrees £5 annual council tax increase for average Band D property

Authored by News Desk
Posted: Thu, 03/01/2018 - 12:01pm

In line with many other councils across the country, East Devon District Council has agreed to a Council Tax increase. This amounts to a £5 annual Council Tax increase for an average property for 2018/19 to ensure it continues to secure crucial front line services for its residents and businesses.

The increase means the authority’s portion of the annual Council Tax bill for a Band D property will be £136.78 a year or £2.63 a week for all the services it provides. The amount is the lowest for a district council in Devon and one of the lowest in the country. The £5 increase, which...

DIY a thing of the past for rightsizers opting for flexible and adaptable new-build homes

The challenge of finding a home with just the right amount of space and with absolutely no need for DIY is driving many buyers to new-build properties in Exeter.

Increasingly, newer homes are designed to provide flexible space that fits a wide variety of lifestyles, providing those who may previously have opted to downsize with the luxury of rooms that are perfect suited to their requirements.

“We think very hard when we create new house types, because our buyers tell us they want to be able to alter the way they use the space they live in, as and when they need to,” said...

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