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BoS chief quits to join Connells

Bank of Scotland Mortgages managing director Charles Haresnape has revealed his intention to quit HBOS to join estate agent Connells.

Haresnape has only been in the role for slightly over 12 months but will not leave immediately as he is not joining a rival.

His departure is the latest senior management shift at HBOS after the group lost then head of specialist lending Michael Bolton in Ocotber 2005 and then TMB managing director Bill Dudgeon the previous month.

HBOS spokesman Paul Fincham says: “We wish Charles all the best and we hope to work with him in future. No replacement has been earmarked yet and there is no firm date for his departure.”


Right to Build

The Conservaties want to help the have-nots into the property market, says Shadow housing minister Michael Gove

CML calms interest-only fears

The Council of Mortgage Lenders claims there is no evidence that borrowers are being driven to take out interest-only mortgages without having a plan for repaying the amount borrowed.Research shows that interest-only borrowers take out loans with similar or slightly lower income multiples than those opting for capital-and-interest mortgages.The CML says first-time buyers are less […]

The long and the short of it

Almost half of the BlackRock MLIM UK absolute alpha fund is currently shorting stocks, says manager Mark Lyttleton.Responding to an IFA question on Asset TV, Lyttleton said he will never short stocks he holds in the long-only UK dynamic fund he also runs and insisted the two funds are run as distinct portfolios.The absolute alpha […]

Questions posed over DWP delays

The Tories have tabled Parliamentary questions and a Freedom of Information request to investigate allegations the Department for Work and Pensions delays or ignores politically embarrassing Parliamentary questions.Tory Shadow Work and Pensions Secretary Philip Hammond told Parliament last week that an anonymous caller from the DWP had phoned his office, saying the department had a […]


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