Verifying Income: Foster income

Foster parents are not an employee of the local authority or a foster care agency, as a foster parent, you will be classed as self-employed. We will be able to accept foster care income but in order to do we require evidence of the income, you receive.

This type of income is intended as financial aid for the purpose of covering the costs of the child you are caring for, therefore we are only able to accept the reward element of this amount 

To verify your foster income you'll need to enter your income details. In order for our referencing team to verify this, you will need to provide evidence of this income by connecting via Open Banking or uploading one of the following documents:

• Award letter
• Reference letter

Award letter:

This needs to be dated within the last 12 months (if you do not have a letter dated within 12 months, please contact the referencing team to check if we can accept the available documents). If you have been receiving this payment for 2+ months, please supply your most recent bank statement to accompany this award letter. We require this to verify that you are still in receipt of this payment.

What we are looking for:

• The letter must be addressed to you.
• The date the letter was issued must be visible.
• The details of the awarding institute should be present.
• This must confirm when you started receiving/will start receiving the payment.
• This must confirm the amount you are receiving and the payment frequency.
• The portion of the payments is the reward element (We can only accept this provided that this is a regular fixed amount or percentage of the child allowance).

Reference letter:

This needs to be dated within the last 3 months (if you do not have a letter dated within 3 months, please contact the referencing team to check if we can accept the available documents).

What we are looking for:

• The letter must be addressed to you.
• The date the letter was issued must be visible.
• The details of the awarding institute should be present.
• This must confirm when you started receiving/will start receiving the payment.
• This must confirm the amount you are receiving and the payment frequency.
• The portion of the payments is the reward element (We can only accept this provided that this is a regular fixed amount or percentage of the child allowance).

Please see here for assistance in completing the Income section of your RentPassport™.