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HBOS shrugs off RBS lending challenge

HBOS mortgage managing director Charles Haresnape is confident the firm will retain its position as the UK’s biggest lender despite the anticipated push from RBS this year.

Haresnape says the restructure at RBS is a sign that it is playing catch-up with HBOS.

He says: “For anyone to rep-lace HBOS at the top, you would need to be a leader in different niches and RBS will need to introduce more niche areas.”

Brentchase mortgage specialist Michael Fitzgerald says: “HBOS has had its problems after losing a lot of staff but I can see them fighting back. That will make it harder for RBS.”

Haresnape says HBOS will make a push into the self-emp-loyed mortgage sector this year.

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