The lending giant’s financial results, published last week, show that as well as retaining its majority share of the mortgage market, it has also seen a £13bn rise in gross mortgage lending across its five brands.
But Nigel Stockton, managing director of HBOS Intermediaries, says: “We are the biggest mortgage lender in the UK but only because we listen to customers and brokers. There is no room for complacency.”
HBOS’ net lending increased from £11.9bn to £18.8bn in 2006.
Stockton adds: “Market share will not grow to more than 17.5% but 2007 will see more emphasis on profits. With investment in technology, HBOS will continue to be the country’s biggest lender.”