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.

Evidence required(less than 50% of applicant's income):

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

Evidence required(50% or more of applicant's income):

• Local authority or fostering agency letter confirming income, broken down per foster child
• Latest 2 years SA100s evidencing full turnover for fostering income.
• Latest 2 years Tax Year Overviews (TYOs) corresponding to SA100s - Tax returns or SA302s are not applicable due to higher levels of tax relief for foster carers.