We are the Foster Carer Mortgage Specialists

We understand the challenges faced by Foster Carers when it comes to securing a mortgage.

Working across the whole of the market, our advisers have established working relationships with lenders to ensure that your fostering income is used to assess affordability.

We’ve helped hundreds of Foster Carers to find the best mortgage

Fully qualified, friendly advisers

Working in partnership with The Fostering Network

Stress-free process

Get instant access to the best rates and mortgage terms

Your fostering income counted for affordability

Outstanding customer service

We understand the challenges of securing a mortgage

Find the best mortgage deals, try out our calculator today

Mortgage calculator

First Time Buyer FAQs

YES! There are lenders who will allow first time buyers to obtain a mortgage solely based on fostering income. Borrowing will be subject to affordability.

This will depend on location in the UK and the length of time you have been fostering. A minimum of a 5% deposit is required if you have been fostering for 2 years. Often a slightly higher deposit will be required if you have been fostering for less than 2 years.

In England and Wales you will only need to have been fostering for 6 consecutive months for your fostering income to be taken into consideration. Currently in Scotland and Northern Ireland you will need to have a minimum 2 years history of fostering for lenders to consider your income.

Absolutely! The Mortgage Brain can assist with checking this for you in advance of application to ascertain the likelihood of acceptance?

Yes! Please note this is location dependent and the subject to scheme criteria.

This will vary depending on which lender is best suited to your needs. All evidence will be available from your agency/ local authority rather than using accounts which may not offer an accurate income reflection. The Mortgage Brain are on hand to guide you through this process.

Set your remortgage reminder with us

Life can get busy… In particular as a Foster Carer. Our team of Foster Care Specialists will be able to take the hassle away and search the mortgage market for you when your remortgage is due, sometimes even offering exclusive intermediary rates. We can also access your options with your existing lender so finding a remortgage solution has never been easier. Simply click below to complete the form and we will contact you in the lead up to your remortgage to help you to find the best solution for your needs.

Request a reminder

Remortgage FAQs

Completely! In England and Wales you will only need to have been fostering for 6 consecutive months for your fostering income to be taken into consideration. Currently in Scotland and Northern Ireland you will need to have a minimum 2 years history of fostering for lenders to consider your income.

Yes! Your income as a foster carer will be factored into affordability. Lenders will allow capital raising for many legal reasons. Loan to value caps may be imposed depending on the reason for the capital raising.

Of course. In relation to a second residential property costs from both properties will be taken into consideration. Mortgages for second residential properties for foster carers are available with a minimum of a 10% deposit subject to location, length of time fostering and affordability. With BTL properties affordability will be more heavily focused on rental income and a minimum of a 25% deposit will be required.

Lenders will allow debt consolidation based on fostering income subject to affordability. It is important to take advice in relation to securing debt against your property and the implications of this.

The Mortgage Brain have developed strong relationships with High Street Lenders to allow foster carers to access some of the most competitive rates in the market.

To discuss a quote for a Foster Carer Mortgage call one of our expert Foster Carer Mortgage advisers anytime on 0800 987 1700 or complete the form below...

It’s our first time to use The Mortgage Brain and they did not disappoint! What a brilliant team. They will guide you all throughout the process, which is very helpful to us as first-time buyers. They are quick and responsive to emails, transparent, and very efficient. Amazing customer service. Special thanks to Liam, Kaitlin and Chloe for making all things smooth for us.

The company and the staff are among the very few people I have dealt with whom I won't hesitate to recommend to family and friends. Darren and Laura are always ready to answer any questions and when they are not sure, always try to find it for you. They made my house buying journey so smooth and effortless and for that am grateful. I will recommend them at heart beat.

Really helpful throughout the process of buying our first home. We had no problems and all went smoothly. We also arranged some insurances through them but felt that this part has been less smooth for some of these and we are still waiting for some of these to be sorted. However, when contacting them about this we have always had fairly prompt replies.

Excellent service all round. Sarah listened to my requirement and matched it up perfectly to the proposal she sent across. The price was competitive and beat my existing provider, but still had all the existing benefits and more. She kept me informed at every step of the process and the end to end process from enquiry was speedy and efficient. I can't recommend them enough!

Hope for Foster Carers in the UK

We understand the challenges faced by foster carers when it comes to securing a mortgage and we want to help you. Working across the whole of the market, our advisers have established working relationships with lenders to ensure that 100% of the fostering income can be used. The best part is that you only need to have been a foster carer for six consecutive months. As an added bonus, we at The Mortgage Brain will never ask to see your accounts, and as any self-employed person knows this is always a worry when it comes to applying for a mortgage because you never can tell how a lender is going to interpret them.

We work with the Fostering Network to provide you with the best deals with the least possible fuss.

Click for further information on our Foster Care Mortgages service.

Foster Care Mortgages