Nationwide's commercial lending panel is undergoing a review.
Commercial lending by Nationwide is set to come under scrutiny as the building society attempts to review its situation in light of new volumes.
The lender's commercial lending panel, comprised of 60 advisers and a number of firms offering expertise on the
commercial development market, is being reviewed, reports Legal Week.
Commenting on the review, which comes only a short while after the lender appointed five new firms to the UK panel, Nationwide group legal manager Susan Manik explained: "In addition to its general corporate panel, a number of firms are used to undertake property and security work arising from Nationwide's commercial lending operation."
Earlier this week, Citywire received mixed opinions about the prospects for the UK commercial development market for investors.
Some underlined the prospects of the UK property market for offering long-term income, while the difficultly experienced by those attempting to get out of the market was highlighted as a negative.
Posted by Lisa Crowley
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