About the calculator
Welcome to the Thames Valley online affordability calculator, provided in conjunction with Share to buy ltd, specialist shared ownership mortgage brokers. You can use the calculator at any time to find out:
- Whether you fit Thames Valley's affordability criteria
- How much a mortgage might cost you on rates available in the market today
Affordability
Thames Valley is a responsible housing association committed to ensuring that people who apply to purchase its homes can afford to so. The calculator uses rules laid down by Thames Valley, and based strictly on the guidance of its Regulator, the Homes and Communities Agency. You can use the calculator to see if you qualify under the rules. There are a number of adjustable items which you can vary if you do not pass first time. If you do pass, you can then proceed to the three steps which will bring you closer to consideration for purchasing a Thames Valley home:
- Downloading a certificate confirming you have passed the basic affordability check
- Completing a Thames Valley budget planner
- Obtaining independent financial advice to receive a mortgage agreement in principle
Share to buy's mortgage cost estimate
The calculator has been built by Share to buy ltd, a specialist shared ownership mortgage broker that is based entirely online and over the phone, and does not normally charge fees for its services (there is no fee for submitting an agreement in principle and with most lenders Share to buy to do not charge any fees for applying but for those lenders who do not pay any procuration fees and offer shared ownership mortgages, Share to buy may charge a fee but will make this clear when that is the case). Share to buy ltd have created software that links the Thames Valley calculator to a database of some of the main shared ownership mortgage rates available live in the market on any given day. So, the calculator is able to give you an indication of how much the mortgage might cost. If you pass the calculator's assessment and proceed to the next steps, you may choose to apply to Share to buy ltd to provide you with a "mortgage in principle", without charge and without any obligation to proceed with a full application.
Important notes
- This calculator has been created by Share to buy ltd, a specialist shared ownership mortgage broker authorised and regulated by the FSA, according to the criteria laid down by Thames Valley housing association, developed in accordance with guidelines issued by its regulator, the Housing and Communities Agency.
- If you 'pass' the affordability test you MUST be able to prove that the information entered is correct.
- After passing, you may download a certificate which confirms that on the basis of the information entered you should fit the affordability criteria of Thames Valley. Please note that this certificate is not a guarantee of acceptance and full acceptance will be subject to verification, completion of an acceptable verifiable budget planner and any further checks that are deemed appropriate.
- In estimating the likely monthly cost, the calculator uses your deposit size and other factors to find the lowest mortgage rate from Share to buy ltd’s list of mortgage lenders that you might be able to apply for today. However, this is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you. You should always seek independent financial advice before purchasing any mortgage product.
Disclaimer
Online calculator disclaimer statement by Thames Valley
The information and functionality contained in the 'Thames Valley affordability Calculator', for shared ownership new build homebuy and resales, ('the calculator'), has been developed in conjunction with a third party, Share to buy ltd, and is contained within the website of Share to buy ltd. It is provided 'as is', without any representation or endorsement made by Thames Valley, and without warranty of any kind, whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. Thames Valley do not warrant that the functions contained in the material held in 'the Calculator' will be uninterrupted or error free; that defects will be corrected or that the site or the server which makes it available are free of viruses, or represent the full functionality, accuracy, reliability of the materials. In no event will Thames Valley be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damages whatsoever arising from use or loss of use of, data or profits arising out of or in connection with the use of the Calculator. Virus Protection: it is always wise for you to run an anti-virus program on all material downloaded from the Internet. Thames Valley cannot accept responsibility for any loss, disruption or damage to your data or computer system, which may occur whilst using material derived from this website. If you have any questions about this disclaimer please contact Thames Valley.
Nothing within the website is, or shall be deemed to constitute, financial or other advice or a recommendation to purchase any product or service. All and any information provided within the website is for general information purposes only. We highly recommend that you seek the advice of an independent financial adviser before purchasing any product or service in connection with your use of this website.
Online calculator disclaimer statement by Share to buy ltd
Share to buy ltd will make every effort to ensure that the calculator is up to date both in terms of the rules and criteria of Thames Valley Housing Association upon which it is based, and the mortgage rates used for providing approximate monthly cost estimates. In no event will Share to buy ltd guarantee that the rates used for mortgage estimate purposes are going to be available at the time of application, nor that the customer using the calculator be able to apply for such a rate, nor that the rate would be the best one for the customer concerned. Share to buy ltd takes no responsibility for decisions made by Thames Valley in relation to applicants' acceptability for their schemes.
Share to buy ltd is authorised and regulated by the Financial Services Authority. Please see its terms of business for details. Share to buy ltd offer "non-advice" mortgage services.
Mortgages
The products displayed on the website are only examples of products currently available. Nothing in these terms or on the website constitutes advice or a recommendation of any particular product or service
.You should carefully read the terms of any application form and any other applicable documentation sent to you by the mortgage lender before applying for any mortgage. The mortgage lender will supply you with all documentation relating to your mortgage and we accept no responsibility in the event that you do not receive the documentation requested or expected. It is your responsibility to ensure that the mortgage matches your requirements and that you agree to the terms of the mortgage before you apply for any product. Thames Valley accepts no responsibility if the mortgage product entered into or applied for by you does not meet your requirements.
Data protection
Share to buy ltd will keep all your personal information private and confidential, even when you are no longer a customer, except where disclosure is made at your request or with your consent. Under the terms of the Data Protection Act, you have the right to view any personal data we may keep on you. Please read the Share to buy ltd terms of business for further information.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.