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

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Have you checked you thatch roof is safe?

Authored by News Desk
Posted: Tue, 02/21/2017 - 11:40am

Devon & Somerset Fire & Rescue Service remind you to make sure your chimneys are safe and clean as possible, especially if you own a thatched property. Last year the fire service attended a total of 26 thatched fires of these, 23 were chimney fires and three were thatch roof fires.

According to English Heritage the number of thatched properties listed in Devon and Somerset is 5,916.

Marc House, Community Safety Prevention Manager said: “Fire in a thatched roof is difficult to detect and once started is difficult to control. Once a fire has taken hold within a roof...

Warning after Exmouth fire started by phone charger

Authored by News Desk
Posted: Fri, 02/10/2017 - 9:08am

A phone charger started a fire which caused significant damage to an Exmouth teenager’s bedroom in the early hours of Wednesday morning.

Fire crews were called to St Margaret’s View at 1.19am and extinguished the fire in a first floor bedroom using a hose reel jet. The room was damaged by fire, heat and smoke.

The girl had seen a fire in the corner of the room and woke the rest of the family. Her mother closed the door of the bedroom and the family were able to leave the house.

Station Manager Nigel Deasy, of Devon & Somerset Fire & Rescue Service, said: “...

Exmouth residents reminded to check waste collections

Authored by News Desk
Posted: Tue, 02/07/2017 - 10:24am

Exmouth households who are receiving a new recycling and waste collection service from February 16, are being reminded to read the information they have been sent as they may have an extra one-off waste collection on Saturday February 11.

Residents will have been alerted to the extra waste collection by a letter they received from East Devon District Council in late January. The council is asking residents to read the information carefully as it will tell them if their household will receive this additional waste collection. This extra collection does not apply to all Exmouth...

Avoid the winter bite with these top tips

Authored by News Desk
Posted: Mon, 01/30/2017 - 8:25am

As winter takes hold, with plummeting temperatures predicted for Exeter, it’s important to consider ways of keeping your home warm without it costing a fortune.

Here, seven industry experts from the Heating Installer Awards share their advice on how to save you money and energy and why using your trusted, local tradesman is key. Take back control Have you considered changing how you control the temperature in your home? Many homes across the UK have outdated thermostats, such as dials; installing a more modern, programmable tool will generally mean you can run the system for less...

Wait almost over for buyers seeking new homes in Ottery St Mary

Wait is almost over for buyers seeking spacious new homes at The Nursery in Ottery St Mary

Release: immediate

Five star housebuilder David Wilson Homes is gearing up for the official opening of its new development in Ottery St Mary.

New homes planned for the development are already selling at the housebuilder’s Rougemont Park development in Exeter, but potential buyers will soon have the chance to see The Nursery’s impressive location for themselves.

The eagerly-awaited development, opening on Friday 17 February, offers a select number of just 29 three and...

Speed up your house sale

Authored by News Desk
Posted: Fri, 01/27/2017 - 6:43am

Selling your house can be one of the most frustrating, drawn-out processes that you ever have to deal with in life. As if moving home isn’t stressful enough, the potential chain fall-through or the cheeky viewers who put in a laughably low offer make it even harder.

It is easy to get disheartened along the way and feel that you are never going to sell your property or that you won’t get anywhere close to your asking price. The most important thing is to always stay positive, you might be losing faith but out of the blue someone will view the property and put in a reasonable offer...

Keep up with the latest interior design trends

Authored by News Desk
Posted: Sun, 01/22/2017 - 8:02pm

David Wilson Homes has teamed up with one of its interior designers to show homeowners in Exeter what the current top trends in interior design are this winter.

Interior Design Richard Ornelas from Claude Hooper has given his top trend tips for this season, to help you get the look for winter. Now that winter has arrived, there are some fantastic new interior design trends coming to light that can help completely transform your home. Richard said: “Interior design is a great way to do something completely different in your home and really utilise the space you have. “Our current...

Tips for helping the elderly keep warm this winter

Authored by News Desk
Posted: Sun, 01/22/2017 - 9:58am

As we get older, we react differently to the cold and become much more vulnerable during the winter months. Many are not aware of the serious effects the cooler temperatures can have on an elderly person’s health, such as increasing the chance of chest infections, as well as related health problems including heart attacks, strokes and pneumonia. In fact, in a recent article, Professor Mike Tipton of the University of Portsmouth, revealed that deaths among elderly people increase by around one per cent for every 1C drop in temperatures below 20C. With this in mind, the Heating Installer...

6 mistakes made by amateur property developers

Authored by News Desk
Posted: Wed, 01/04/2017 - 6:35am

If you’re just beginning to dip your toe into the world of property development, there are a few issues you should be aware of to ensure mistakes aren’t made along the way. Take a look at the six most common errors made by amateur property developers below and reap the rewards once your property is ready and the process has gone smoothly, later down the line:

Choosing cheap contractors Like they say, ‘if it’s too good to be true it probably isn’t’. A builder or contractor offering exceptionally lower prices than their competition should be avoided at all costs, simply because...

Do you live in a vermin hotspot?

Authored by News Desk
Posted: Tue, 01/03/2017 - 6:08am

Every year we hear growing reports of the amount of vermin spreading across the country - from giant rats to swarms of wasps. In recent years (2013 and 2014), the British Pest Control Association has carried out studies to find the most vermin filled locations in the UK. This is based on the number of call-outs compared to the population of the area.

No matter what preventative measures we take, if you want to avoid becoming infested by vermin, then making sure you have effective rat traps might be a better option than waiting until it is too late.

Types of vermin – We...

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