The FosterWiki Directory
The Mortgage Heroes
The Mortgage Heroes
A FosterWiki Partnership with the Mortgage Heroes
“It has never been easy for foster carers to secure mortgages and so often we have felt like second-class citizens and our job not taken seriously. We have wanted to partner up with a specialist mortgage company for more than a year but never found the right one, but now we have!
The Mortgage Heroes specialise in helping Foster Carers obtain mortgages. They use their specialist knowledge to know which lenders can take 100% of your income into account after just 3 months of fostering. As whole-of-market brokers, you can be assured they will source the most competitive mortgage, but more than that, they also understand every aspect of fostering.
To them it’s more than just a mortgage, it’s about securing homes for people like you who dedicate their lives to caring for children and young people.”
Sarah Anderson, Founder, Fosterwiki
Meet the Fostering team
Simeon Jennings and Oliver Oram have years of experience helping Foster Carers just like you!
Watch the short video below that explains everything you need to know about The Mortgage Heroes and be sure to get in touch, so they can help you!
The Mortgage Heroes - Caring for the people that care
Click below to watch our video
Don’t take our word for it, here’s what our clients say
“Fantastic professional service from Simeon. As a foster carer we found it difficult to obtain a mortgage and found the Mortgage Heroes after a Google search. It turned out to be the best decision we ever made. Simeon ensured he kept us fully informed and up to date with the whole process. Our mortgage proved to be difficult one to secure but Simeon managed to find a lender willing to accept foster carers. If you are looking for a mortgage Simeon comes highly recommended not only as a mortgage broker but also as a friendly, sympathetic, and generally brilliant guy! Five-star service Simeon.
Thank you so much!”
“We are foster carers and have always struggled to find a mortgage provider because of this as many providers do not recognise our profession. Ollie answered all our questions and had an amazing understanding of our situation and the hurdles we face. Ollie not only found us a high street bank that offered us a mortgage but also lowered our monthly payments by £400. We cannot express our gratitude to Ollie strongly enough. He was polite, understanding and highly professional with a fantastic understanding of the mortgage markets. He took the time to answer all our questions and explained everything in such detail to ensure we got the right mortgage. You are a credit to both your company and your profession. If you need mortgage advice, give Ollie a call. You will not be disappointed!”
Answers to the important questions
- Why is it so hard to get a mortgage as a foster carer?
When lenders assess your income, they typically use the income which is taxable. Due to the large tax breaks foster carers receive, this can seriously affect the amount you can borrow. How long you have been fostering can also have an impact on your application. Details of these tax breaks can be found via this link – www.gov.uk – qualifying care relief
- How long do I need to have been fostering?
You need to have been fostering for a minimum of at least 3 months.
- Will lenders accept my foster income?
Yes, we have great relationships with some of the leading lenders in the UK which will accept 100% of your foster income.
- Are the interest rates higher for foster carers?
No, they don’t have to be, however the amount of lenders is limited. We have access to some very competitive deals for foster carers.
- Have you got a good understanding of the different types of fostering?
The short answer is yes! We deal with foster carers on a daily basis. We understand how your income works, and the different types of fostering (including short and long term placements, respite care, special guardianship and adoption).