• Mortgages for Foster Carers

  • Foster Carers can find it hard to get a mortgage since fostering allowances are often not regarded as income for mortgage applications.

    Obtaining a mortgage for foster carers can be an exceptionally difficult task especially when their sole income is the allowance they receive for fostering.

    Although regarded as self-employed, foster carers are assessed differently than most self employed people for tax purposes and normally the vast majority of banks and building societies will only take into account the net income that usually shows on their tax returns or SA302 tax calculation form. As this net income is usually considerably less than the total gross amount which foster carers receive, it means that on paper, the mortgage is unaffordable.

    Mortgages now available based on foster carer income

    Fostering brings many challenges & rewards, financial institutions often don’t understand that – but we do! And we’ll try our hardest to get you the right mortgage deal.

    Here at Martland Mortgages, we understand the particular circumstances surrounding foster carers and their financial situations and as keen supporters of fostering, we have established facilities with High Street building societies who will accept the total amount of allowance that foster carers receive as their main income and not just a proportion of it – even where foster carers do not have another part or full time job.


    Start your application now!


    Obviously each case has to be judged on its own merits and the foster carers need to have been foster carers for a minimum of one year and be able to demonstrate the weekly, fortnightly or monthly amount that they have received as foster carers.

    There are no hard and fast rules in this particular area of mortgage funding; each case is, quite simply, judged on its own merits, and ultimately the decision to lend rest with the appropriate bank or building society but with the years of  experience that Martland Mortgages brings to bear, you can be sure that we’ll do our utmost to get you the best deal possible.

    To establish if a mortgage is possible for you as foster carers, all you need to do is complete our Fact Find from our website (or send us an email and we will post one out to you) for your completion and return, and we will normally let you know within twenty four hours if a mortgage is possible for you and if so, on what terms.

    As always, all of our mortgages are with High Street, reputable banks and building societies.

    Foster Parent - mortgages now available

    Do something special – consider fostering

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