Are Halifax a Part of Lloyds Bank? Get Your Answers in 2024 (2024)

If you’ve been looking for a mortgage provider, we’re sure you’ve heard about Halifax, and you may want to know more about it and if it's part of Lloyds Bank.

Halifax was first established in 1852¹, so it has a long history and has seen its fair share of banking evolution.

As a result, Halifax is a bank that is more connected than people realise and has become part of the Lloyds Banking Group, which owns many banks.

Our savvy economic journalists constantly research the financial markets to bring you the latest banking news and the most relevant and accurate information on new trends.

Find out more about Halifax!

Who’s Halifax?

Halifax is a United Kingdom-based financial services provider and specialist investment bank.

It was first established in Halifax in 1852 as Halifax Permanent Benefit Building Society.

Halifax prides itself on being a people’s bank, focusing on helping ordinary people live their daily lives more easily.

Halifax knows that sometimes you need a little extra help in life, and that’s why it understands the importance of a mortgage and savings to help you buy a family home.

What Does Halifax Offer?

Halifax offers a range of financial services and investment products, including credit cards and savings accounts.

Halifax’s financial services:

• Bank Accounts
• Overdrafts
• Credit Cards
• ISAs
• Savings Account
• Loans
• Travel Money

Being a people’s bank, Halifax understands the need to provide extra assistance for the future by making use of reliable and safe investment products such as mortgages.

Halifax’s investment products:

• Mortgages
• Investing
• Wealth Management
• Retirement

Who’s Lloyds Bank?

Lloyds Banking Group, commonly known as Lloyds Bank, is based in the United Kingdom and has a 300-year history, making it an established financial and banking services group.

Lloyds Banking Group Overview

Lloyds Banking Group is a financial services group that focuses on both personal and commercial customers.

Its role is to provide these customers with the best financial assistance possible while contributing to the communities in which they operate.

Strategy

The Lloyds Banking Group's strategy is to help Britain grow by becoming a leader in the UK digital banking space.

It aims to do so by taking advantage of scalable opportunities.

Purpose

The purpose of Lloyds Banking Group is to help Britain prosper; it will achieve this by making finance more inclusive and using it as a way to give back and do good in its community.

Impact

Lloyds Banking Group has had an impact on various sectors2, which include charities and the environment.

Here’s more information.

• 93,00 Small businesses², charities, and start-ups have been assisted.
• £46 Million was invested in its community.
• 80,000 First-time homeowners have had mortgages approved.
• The environment has been boosted with over 2 million trees planted.

Brands

Lloyds Banking Group operates under many brand names, including Lloyds Bank and Halifax.

Here’s more information.

• Lloyds Bank
• Halifax
• Bank of Scotland³
• Scottish Widows⁴

How's Halifax Connected to Lloyds Bank?

Halifax is connected to Lloyds bank, which is a subsidiary of the Lloyds Banking Group.

In 2001 Halifax merged with Bank of Scotland and became HBOS⁵ plc.

Then in 2009, HBOS plc was purchased by Lloyds TSB to form a new company called Lloyds Banking Group plc.

Lloyds Banking Group has many household names that enable them to serve customers' financial needs through multiple brands, such as Halifax.

Common Questions

In Conclusion

Halifax Bank is a people-oriented bank that falls under the umbrella holding of the Lloyds Banking Group, which trades under numerous names.

Lloyds Banking Group owns multiple banking subsidiaries with household brand names, such as Halifax and Lloyds Bank.

Before you decide to use Halifax, which is a part of Lloyds Bank, we recommend that you always do your research or chat with your financial advisor⁶.

The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount.

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