Norwich and Peterborough Building Society has hired two new commercial lending managers.
This comes as it seeks to grow its commercial mortgage lending.
Iain Bradshaw and Steve Adams bring more than 30 years’ commercial lending experience to the team having previously worked with lenders such as Allied Irish Bank and NatWest.
They will support N&P’s plans to further increase commercial mortgage lending following an 82% rise in new lending to £60 million during 2012.
The pair join a specialist 15-strong team servicing more than 2,000 customers with a range of products for owner occupiers, commercial investments and corporate buy to let opportunities.
N&P commercial mortgages, including the only offset commercial product available in the market, are available from £75,000 to £10 million and terms last for between five and 25 years.
Graham Toy, N&P’s head of commercial lending, said: “Increasing the size of the team is an important part of our growth strategy and supports our desire to work more closely with our introducers.
“We pride ourselves on being a friendly, accessible unit that gives businesses good service and work collaboratively to meet their needs. Iain and Steve share those values and outlook so we are delighted they have joined the team.”
