Regional banks quit property lending

摘要

Two of the UK's most active banks have shut their doors to new property lending, in a dramatic turnaround that highlights the liquidity crisis facing the sector. National Australia Bank-owned Clydesdale and Yorkshire banks have both closed down for new property lending, Property Week can reveal. The decision is likely to be accompanied by a sale of parts of Clydesdale's legacy loan portfolio. It is understood that National Australia Bank is weighing the disposal of a £300m property portfolio, which includes residential developments.