Other Income: Foster Care Income

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept foster care income as an allowable income type for affordability purposes. For example, Mr & Mrs Jones receive £20,000 per year in foster care income and wish to apply for a mortgage based upon this income. 

Policy Notes:

Applicants whose main income is from fostering, and is therefore in essence the Applicant’s business, should be treated as self-employed. Their income must be assessed via their accounts or approved Tax Returns.

Warning Notes:

We will not accept any Foster Income that is not received via self-employed accounts or HMRC tax returns.

Criteria categories:

• income
• other income

Last updated:

29 August 2018