As a foster carer you may have already experienced what can be a long, tedious and somewhat difficult process when applying for a mortgage. As your income consists largely of tax free allowances, many mortgage lenders can take an unfavourable view.
Why choose Endsleigh?
- We have a strong link to the Fostering Network alongside other agencies and due to our expertise in this area we have the experience necessary to assist you with your mortgage.
- It is common to find previously willing lenders now shutting the door on Foster Carers; however we have a database of lenders offering competitive deals that allow for your non-taxable income.
- Here at Endsleigh we are able to access the mortgage market to source those lenders who will be more considerate to your application.
Read below to find out how we helped carer Jean, with her mortgage
Jeans Story…
Jean has worked as a carer for over 6 years, receiving regular benefits and wage slips from her local council. Having never missed a mortgage repayment in the 14 years since she has owned her home Jean didn’t think there would be a problem when she moved house.
“I sold my property and had a price promise from my lender and everything was underway. It was only during the application for my new mortgage that the problem arose as to my income status. My current lender decided that as my income wasn’t taxable they couldn’t give me a mortgage. They offered a smaller sum to my husband which just wasn’t enough for the house we were buying. Not only had I remortgaged with them since being a carer, I had never missed a payment so as you can imagine as a loyal customer to a high street bank for 14 years I was really worried who would say yes to me.”
Jean contacted Fostering Network regarding her fears about her situation. They suggested she approach our Financial Team at Endsleigh who have experience in dealing with Foster Carers.
“Steve took on the case and handled everything and found me the perfect mortgage; it gave me one less thing to think about”.
How can we help?
Individual circumstances can change all the time as can the size of your foster family. If you are looking to move home or remortgage; we can help you negotiate the mortgage market. Over the last few months we have helped a number foster carers. The few carers we haven’t been able to help, was due to factors unrelated to their status as a carer.
Our mortgage advisers have a wealth of experience in dealing with applications for foster carers; they know which lenders to go to and which to avoid. They also understand you are busy people and will do what they can to take the hassle out of applying for your mortgage.
For more information or to speak to an adviser please contact us on 0800 389 2193 or get a quote today.
Fees - We do not charge a fee for advising on Pure Protection policies, however for some services we offer you the choice of whether you pay us a fee or whether we are paid by commission. There is no additional charge made for dealing with us by telephone.