Nationwide plans hands-on approach to housing

21st July 2017

The Mail reports that Nationwide Building Society is planning a radical overhaul of its traditional savings and loans business in a bid to ease the nation’s housing crisis. CEO Joe Garner said he wanted to make housing “the focal point” of its business, while chairman David Roberts revealed it was looking at “practical ways” to increase supply. It is thought this could include pumping millions into building schemes, or taking part in sale and leaseback arrangements. Nationwide may also finance private rented sector housing schemes.

Daily Mail (20/07/2017)