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:

Lord Mayor officially launches landmark new homes development at Exeter Science Park

Authored by News Desk
Posted: Wed, 10/11/2017 - 9:13am

The Lord Mayor of Exeter, Councillor Lesley Robson, has officially launched a landmark scheme for more than 200 new homes on the outskirts of the city.

The new Minerva development, which will feature a 15-acre country park, will be constructed close to Exeter Science Park, where more than 60 people attended the launch party.

Barratt Homes will create 159 homes with David Wilson Homes delivering 63 homes to meet the rising demand for new homes in Devon. The scheme will support more than 650 jobs.

The Lord Mayor said: “This is a significant development which will not...

Summer reading success makes way for autumn ‘Active Life’ campaign in Devon Libraries

Authored by Mary Youlden
Posted: Tue, 10/10/2017 - 11:26am

The results from this year’s Summer Reading Challenge have been revealed, coinciding with the launch of the 2017 Active Life Active Mind programme of Devon library events throughout October.

The 2017 Summer Reading Challenge saw an impressive 10,522 children in Devon aged between four and eleven sign up to read six books during the summer holidays.

All 50 of Devon’s Libraries, run by Libraries Unlimited, held events and activities to inspire children to read throughout their summer break, resulting in 892 children signing up to become new members of Devon Libraries....

Why you should get your home ready for winter

Buying in new candles and throws is all well and good, but have you considered how ready your home is for the changing seasons? As temperatures plummet across the UK, you could be putting yourself and your loved ones at risk if your humble abode is not fully prepared and protected against the elements. Not to mention that a poorly winter-prepped home will have a negative effect on those already escalating energy bills, as a home that is less energy efficient will cost a lot more to heat. So whether you are a DIY lover, or the thought of getting up a ladder makes you come out in a sweat,...

Five Steps to Getting a Fresh Start

Authored by News Desk
Posted: Mon, 10/09/2017 - 3:38pm

Life is messy, which means it’s very possible that even people with the best intentions find themselves at a point where they need to get a fresh start. Sometimes fixing messes simply isn’t worth it, which is when it’s time to pack up and clean the slate. The difference between getting a fresh start and running from your problems are your circumstances. Not liking where you live, having too many bad memories, or simply not having enough opportunities are all valid reasons for getting a fresh start.

To help you get your fresh start, follow these five steps:

1. Scout Out a...

Exeter Community Energy launches “Healthy Homes”, Trews Weir hydroelectric study, and its £4,000 Community Fund

Authored by Mark Allen
Posted: Mon, 10/09/2017 - 3:04pm

Exeter Community Energy has launched its Healthy Homes for Wellbeing project this autumn, an initiative to assist local people living in cold, damp unhealthy homes who are experiencing fuel poverty and poor health to make their homes warmer and healthier.

ECOE energy advisors will visit people in their homes and conduct a free energy assessment to provide energy advice that helps them to better heat their homes.

This will include installing low cost energy saving measures like LED lights and draught proofing, help with switching energy suppliers, signing up households for...

How to Save Money As a First-Time Renter

Authored by Sam Richards
Posted: Mon, 10/02/2017 - 10:53pm

Despite that the majority of young people are priced out of the housing market, rental costs are at an all-time high. Due to the increased demand for housing, it’s not surprising that those on lower incomes tend to lose out to higher bidders. Sufficed to say, living in rented accommodation is no easy option.

The good news is, there are things you can do to cut the cost of rented living, as long as you are organised. Moving into a rented property doesn’t have to be a huge drain on your bank balance. Here are five ways to save money when you’re looking for a flat.

Do Your...

New Astro Lighting showroom opens in Exeter

Authored by News Desk
Posted: Thu, 09/28/2017 - 7:30pm

One of the leading contemporary lighting suppliers in the South West, Dusk Lighting , is expanding its dynamic, high quality lighting collections with the addition of a new Astro Lighting showroom at their Exeter store.

Dusk Lighting will be displaying the largest amount of Astro Lighting products under one roof outside of London.

The official opening weekend of the Astro Lighting showroom will begin in earnest from Thursday 28 September, where the company will be inviting people from selective local groups, including electricians, interior designers and architects, to...

Recycling Week highlights Exeter’s commitment to recycling

Authored by News Desk
Posted: Wed, 09/27/2017 - 6:04am

Recycling is high on the household agenda of people in Exeter according to a new survey launched to coincide with Recycling Week. (September 25-October 1)

More than 80 per cent of people questioned in the One Poll survey confirmed that they recycle as much as possible and less than three per cent admitted to not caring about recycling.

The survey by five star housebuilder Barratt Homes which is building new homes across the city, revealed that men and women are equally committed to recycling but there was a definite difference in the approach of age groups.

Almost...

How to Keep Your Home and Garden Hygienic

Authored by News Desk
Posted: Tue, 09/19/2017 - 8:26pm

As winter approaches, it’s time to shut the door to the damp and cold weather, and keep the draughts out, but while we crave the warmth and security of this time of hibernation, it’s the time of year that illnesses become more prevalent. The combination of the cold air outdoors and the dry air indoors plays a role of protecting the airborne droplets we sneeze and cough into the air that we breathe, and before you know it the whole family has been struck by the same illness. Here are some pointers to keep your home and garden hygienic to keep the bugs at bay all year round.

In the...

Prizes up for grabs at recycling roadshows!

Authored by News Desk
Posted: Wed, 08/30/2017 - 4:53pm

Teignbridge residents are invited to two home composting roadshows in Newton Abbot where they could be in with the chance of winning a luxury hamper!

The roadshows, run by Recycle Devon and supported by Teignbridge District Council, will give people the chance to buy a compost bin and get advice and tips about home composting. They take place on Friday 8 September – 9am to 3.30 pm and Friday 22 September 9 am to 3.30pm in Newton Abbot near St Leonard’s Clock Tower. Residents who sign a pledge to compost more, use their food waste collection or sign up to the Recycle Devon e-...

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