Mortgage for foster carers

(30 Posts)
mumsiepie Wed 04-May-11 21:50:29

Hi, Has anyone any experience getting a mortgage through Endsleigh mortgage brokers? They advertise they can get mortgages for foster carers as it is difficult to borrow nowadays and I was told today from a financial adviser he had tried several lenders and no one would lend to me.

musickeepsmesane Sun 28-Apr-13 15:03:21

We also had no problems with Halifax/Bank of Scotland recently. In fact I was stunned at how easy it was to get approval. Am an existing customer though.

scarlet5tyger Sat 27-Apr-13 19:23:33

I remortgaged about 10 months ago and Halifax were happy to lend me up to £120k. That was way more than i needed, or could afford to repay (!) but they had no hesitation offering it.

lindabasiony Sat 27-Apr-13 16:48:01

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fostermel Fri 20-Jan-12 21:22:48

Hi thanks again mumpots for your advice 20.12. your post sooo useful. Apologies for those I may have offended by being too effervescent in my gratitude. Sometimes you get so desperate and disillusioned that when you can be helped.................... well enough said. Fostermel.

bonnieslilsister Wed 18-Jan-12 10:31:43

I think if someone is offering advice in an honest way that is fine but to make up stories...

Mumpots Tue 17-Jan-12 21:59:17

I can't see what the big deal is here. Some of us have struggled to get a mortgage because we are foster carers, yet when we post helpful advice it doesn't seem to be welcome. It's beyond me I am afraid...either we want help, or we don't...

ImperialBlether Tue 17-Jan-12 21:40:42

I know bonnieslilsister in RL and can confirm she is a long standing foster carer.

I can quite see why she's sceptical. I've never ever seen people post phone numbers for mortgage companies on this site. People may recommend a particular bank but never ever include the phone number.

Reporting both as it's advertising.

fostermel Tue 17-Jan-12 15:25:10

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MumLovesYou Tue 17-Jan-12 15:03:29

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bonnieslilsister Sun 15-Jan-12 16:47:30

Anyone else sceptical about the last two posts? Someone selling mortgages methinks! Can spot it a mile off! Both written by same person with usernames never used before!

lovefrommum Sun 15-Jan-12 16:23:55

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MumLovesYou Sun 15-Jan-12 16:12:18

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bonnieslilsister Sat 14-Jan-12 21:55:17

I am a big fan of Steve. He helped me get my mortgage.

Jackyp1 Sat 14-Jan-12 15:30:45

I have to say thank you for all the above information. We have been foster carers for 6 years and only recently applied for remortgaging but were turned down "because our company doesn't take foster carer payments/work into consideration", and this was with our bank! They see the foster payments regularly going in each week and they still would not take the payments into consideration. We shall certainly try the companies suggested, again, thank you.

sianendsleigh Fri 13-Jan-12 16:19:11

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Rubyx Tue 20-Dec-11 22:47:55

I think the best one would be someone like mortgage works, we have had 50K of them recently to buy a rental place... they are part of nationwide

Mumpots Tue 20-Dec-11 14:27:03

By the way, they do mortgages for buying, and for remortgages and you are also able to build in any loans or credit cards.

Mumpots Tue 20-Dec-11 14:24:58

There is a Mortgage Broker called Designed Mortgages who do mortgages for foster carers. They are so efficient I can highly recommend them. From application to Offer of Loan took 4 days, and they use well known lenders none of the obscure ones. I know of numerous people who have obtained their mortgages here, and they cannot speak highly enough of the service they got. Even up to 90-95% loans which was a huge surprise..and relief considering only 7 months fostering history. Their phone number is 01505-863775 and is definitely worth a phone call. A small fee is charged but well worth it. Good luck.

mumsiepie Thu 09-Jun-11 12:58:08

Yes, it is Stephen I am dealing with and it is almost finalised now! Thanks

FosterHolmes Thu 09-Jun-11 11:34:24

We have just had a mortgage approved. Stephen Holend from Endsleigh helped us get a mortgage with Nationwide, so it is posible for us FCs to get one.
Give him a try and good luck

WereOffToSeeTheWizard Sat 07-May-11 17:49:39

mm that does sound like a long story grin
thanks for letting me know

mumsiepie Sat 07-May-11 14:55:29

80k and they would have been happy to give me more but thats enough. Don't know who it is yet that Endsleigh have approached but it is a high street branch. Apparently there are 2 lenders they have found who will take foster carers income into account, and Endsleigh only take a small fee £250 which is fine because before finding them it looked like I wouldn't be able to get one. We are moving back into our marital home (long story) x

WereOffToSeeTheWizard Sat 07-May-11 13:24:34

ooh fab. Really nosey question but it is an anonymous forum ! how much are you borrowing? I think i'll only need to borrow about 50k when the time is right. Good luck with the move !

mumsiepie Fri 06-May-11 19:19:57

Thanks WereOffToSeeTheWizard I spoke to the guy from Endsleigh today and the lender has amazingly agreed and I am very very happy! Good luck with your fostering, I hope it goes well.

WereOffToSeeTheWizard Fri 06-May-11 10:34:18

Let me know how you get on !

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