B lender mortgages
A mortgage from a regulated lender that looks past the bank's checklist, for people a bank has turned down.
Who they are
B lenders are regulated lenders, mostly trust companies and some credit unions. They do not have branches you can walk into. You reach them through a licensed mortgage agent.
What the lender looks at
More of your story than a bank does. They can accept bank statements to show self-employed income, allow higher debt ratios, and lend after credit problems, as long as the property and your plan make sense.
What it costs
The rate is higher than a bank's, and there is usually a lender fee, and sometimes a broker fee. Every cost is written down for you before you sign anything.
The plan after
Most people use a B lender for a year or two while they rebuild their credit or build up income on paper, then move back to a bank at renewal. Amar plans that move with you from the start.
General information, not advice. What a lender offers depends on your credit, your income and the property.
Not sure which one you need?
You do not have to know. Tell Amar your situation and he will say which lenders are worth trying, and what each one would cost, before anything touches your credit.