Mortgages for Foster Carers

Most high street lenders will request your net profit AFTER deducting all of your foster carer allowances leaving you with a very low income figure on which to assess you for a loan. Here at AMS we can use your FULL fostering income and secure a loan for you as if you were an employee.

We have lenders who will consider you once you’ve been fostering for as little as 6 months via an Agency OR Local Authority.

Our foster carer lenders do have some flexibility when it comes to adverse credit; we have secured loans for foster carers in the past who have been bankrupt or in an IVA within the last 6 years.

As we use your remittance slips and NOT your self assessment tax returns to assess income , we can offer you a similar amount to an employed person. Lenders offer varying amounts, the best way to find out how much you can borrow would be to call talk it through with one of our advisors.

At ams:  we have access to some very competitive rates with both high street and regional lenders. Please call us for a quote.

We have different methods of proving income for foster carers; some will ask for income averaged over a number of years, others will ask for income averaged over a few months. We would tailor the solution to your specific needs.

Currently, as a foster carer, you can secure a mortgage with as little as a 5% deposit. Please call us to discuss your circumstances further and we can provide you with a quote.