Fostering income is allowable where it is likely to continue for at least 5 years from the start of the mortgage. It will be weighted at 100%.

Where fostering represents the applicant’s primary source of income (i.e. where 50% or more of overall income is derived from fostering) the applicant will be treated as self-employed and self-employed criteria apply. There should be a 2 year track record of fostering.

Where fostering is not the primary source of income a 12 month track record is required

Evidence required:

• Latest 3 months’ bank statements showing income
• Local authority or fostering agency letter or recent statement confirming income, broken down per foster child

Where 50% or more of overall income is from fostering income, the latest year’s SA302 and corresponding TYO will also be required.