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:

Exeter property market attracting London buyers

Authored by Exe Reporter
Posted: Wed, 09/30/2015 - 10:47am

Most of you will be aware of the significant increase in house prices in London , which has definitely had its fair share of advertisement and media coverage. However, what most people aren’t as aware of is that since the fourth quarter of 2013, the number of home sales recorded in Prime Central London (PCL) has been rapidly falling. There are a number of arguments when it comes to the reason for this – including the idea that more homeowners are hanging on to their properties in the hope of the value increasing more, whilst more potential buyers are also looking elsewhere in a bid for a...

Tickled pink: Exeter families to move into colourful new homes

Authored by Mary Youlden
Posted: Tue, 09/29/2015 - 11:22am

Six new brightly coloured council homes set to providing sustainable and low energy housing for some of Exeter’s most vulnerable families.

New eco-friendly homes at Reed Walk, Newport Road will house six local families who have been waiting for a suitable place to live on Exeter’s Housing Register. The new three-bedroom homes, including one fully wheelchair accessible property, were completed in September.

The houses are noticeable due to their bright colouring, which were carefully developed to reflect typical natural building materials of the Exeter area like Devon...

Can a Stylish Outdoor Space Add Value to Your Home?

Authored by Exe Reporter
Posted: Tue, 09/22/2015 - 10:08am

Most people recognise the benefit of installing a new kitchen or bathroom in order to add value and make a property more sellable, but not everyone recognises the advantages of creating an attractive outdoor space. Landscaping a front garden adds instant kerb appeal, but when the majority of your outdoor space is at the back of the property and therefore out of sight, it might seem like a waste of money doing it up. However, it is always a good idea to put some effort into improving your garden if you are planning on selling the property, and if you are able to create a stylish outdoor...

Does your oil tank leak?

It is also the time of year when the Environment Agency urges people to check their oil tanks to protect the environment and reduce the risk of potentially large financial losses.

Leaked oil can end up in drains, many of which lead directly to rivers, streams, lakes and even garden ponds, having the same effect as pouring it directly into the watercourse.

Oil is poisonous to fish and other wildlife and smothers plants and just 2 litres of oil could seriously pollute the volume of fresh water needed to fill an olympic-size swimming pool.

Senior Environment Officer...

5 proven ways to add value to your home

Part of the joy of owning your own home is that you are free to improve upon it and style it to suit your personality.

Obviously this takes money and if it is your first home you might not have the available funds, but if you are renovating a property with a view to selling it at some point, it is worth considering how any work you do impacts on the resale price.

Some home improvements are more costly than others, but whatever tasks you elect to do, think about whether they will add value, or not.

This isn’t such an issue if you are planning on staying put for...

Planning a Loft Conversion? Here's What You Need to Do

Authored by Exe Reporter
Posted: Tue, 09/15/2015 - 11:52am

Depending on the structure of your roof and whether or not you have any constraints regarding planning, carrying out a loft conversion is one of the most straightforward ways to add extra room and space to your home. With a bit of basic planning, almost any home can benefit from this extension. If you’re thinking of ways to add more room to your home whether you’re planning to sell or simply want to upgrade your home so that it’s bigger, a loft conversion is a great way to do so. We’ve put together a list of everything that you’ll need to consider when planning to convert your loft. Make...

How to choose the right home heating

Authored by Exe Reporter
Posted: Mon, 09/14/2015 - 11:36am

The summer is officially fading, and it is now time to start thinking about how to make your home nice and warm for the colder period of the year.

Central heating is a really good choice because it warms your whole home, and can ensure you don't feel the cold even in the wintry months. However, radiators can be kind of ugly looking, so it is important to choose the right central heating and not end up with your home décor ruined by ugly radiators!

Modern Radiator Styles Look Great!

One of the first things to consider when you really want the warmth central heating...

SW house prices continue to rise

Acceleration in house price growth in the South West continues with 63% more respondents seeing a rise in prices over the last three months, according to the latest RICS UK Residential Market Survey. This is the highest level since April 2002.

The South West region, along with Yorkshire, is also the most confident of price rises in the near term, with 52% more respondents expecting to see a rise in prices over the next three months. Across the UK, the RICS price indicator reached a 16 month high in August, with a net balance of 53% more respondents reporting price rises and firm...

Is your chimney ready for winter?

With summer drawing to a close, and the evenings starting to get noticeably cooler you might be tempted to light a fire, rather than put the central heating on.

Are you be sure your chimney is clean and ready to light?

From 7-13 September, Chimney Fire Safety Week takes place providing a timely reminder to make sure that your chimney is ready for the winter months ahead. Devon & Somerset Fire & Rescue Service are supporting this Fire Kills campaign by encouraging householders to ensure their chimney is safe and swept by a registered chimney sweep.

Marc House...

Helmores announce Name a Street winner

Being able to name a street is usually reserved for VIPs but one lady from Devon has been lucky enough to do just that.

Following a competition launched by Crediton based estate agents, Helmores, Wendy Jelier from Chagford has had her name chosen for a development of five brand new homes in Lapford.

Announced by BBC Radio Devon’s Simon Bates live on Monday morning Wendy found out that her name, Canterbury Drive, will now be immortalised on the map of Lapford.

Lapford's church, St Thomas of Canterbury, dates back to the 12th century and is believed to have been built...

your pets daily logo
Home Education Daily logo
Food and Drink Daily logo in red, white and black
your beauty daily logo with heart

Top video

Selco Builders Warehouse | England Rugby star Jack Nowell visits Exeter Saracens junior teams

England ace Jack delivers tips to Saracens

Exeter Weather