TMPE: OSB Group turns attention to later life BTL market
Ian Scarrott, key relationship manager at OSB Group, mentioned the possible extension of the firm’s buy-to-let (BTL) proposition.
Speaking at The Mortgage and Protection Event (TMPE) in Birmingham, hosted by Mortgage Solutions, in response to a question by an audience member, Scarrott said OSB Group will be “looking to extend extremely into the later life space across BTL.”
Scarrott continued: “Because fundamentally, how does an ageing landlord affect [their] ability to repay a mortgage? It just doesn’t.
“Even if your ability to bring in and manage that property is diminished, that’s what professional support services are there for.”
He added: “So I think there’s a huge opportunity there for lenders, and it’s definitely something we’re looking at, and you’ll see some movement from us in the near future.”
Scarrott spoke of the increasing complexity of the BTL market, and the opportunity for brokers to capitalise on the need for expert advice.
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OSB Group has been approached for further comment.
Read more coverage from this year’s TMPE:
TMPE: BTL market complexity highlights value of adviser expertise
TMPE: Regulation presents ‘opportunity’ for lenders to adapt propositions
