Halifax are now the largest single mortgage provider, and the largest provider of savings accounts, operating in the United Kingdom today.
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Halifax is a bank of chains that are a division of Bank of Scotland, who in turn are a wholly owned subsidiary of the Lloyds Banking Group. They were previously a building society under the name of the Halifax Building Society, and are one of the most recognisable names in high street finance today, not least because of their high profile advertising campaigns. They are now the largest single mortgage provider, and the largest provider of savings accounts, operating in the United Kingdom today.
The history of Halifax goes back a long way. They were founded in 1853, as a building society in the West Yorkshire town of the same name. They were formed in a meeting room above a local history museum, with the intention of providing lending facilities to local workers.
In many ways, the early building societies were forerunners of the peer to peer lending that’s growing in popularity today. Many of these nineteenth century building societies were either bought up by other building societies, or acquired other building societies and became bigger themselves. The Halifax took a different approach, however, and opened branches in their own name, becoming a truly nationwide concern. The Halifax Building Society demutualised in 1997, becoming a new UK bank in the process.
Halifax today provide a varied range of lending and investing services to their customers. Mortgages are one of their most popular offerings, and they provide mortgages to first time buyers, buy to let mortgages, and remortgaging facilities for customers who have previously received a mortgage from another institution. They also offer credit cards, and personal loans.
Existing customers of the bank can apply for a personal loan online, and can also make payments or obtain an early settlement figure via their secure online portal. Loans are available for cars, home improvements, and debt consolidation and management purposes.