Tag: Lloyds TSB

Lloyds investor group lodges claim for compensation

Lloyds investor group lodges claim for compensation

Shareholder group, Lloyds Action Now, is claiming former business secretary, Lord Peter Mandelson, withheld evidence in the build up to the merger of HBOS and Lloyds TSB. The group, which was established in 2009, claim their savings were wiped out following the controversial merger, which took place at the height of the financial crisis. The [...]

March 28, 2011 | 0 Comments More
Olympic Park development boosts house prices

Olympic Park development boosts house prices

Some neighbourhoods close to the Olympic Park development have seen sharp rises in house prices since 2005, when the Capital was awarded the Games. According to research from Lloyds TSB, Homerton and Shoreditch have recorded average property price rises of 69% and 53% respectively, well above the Greater London average of 36%. However, only four [...]

July 28, 2010 | 0 Comments More
Lloyds TSB lends a hand to first-time sellers

Lloyds TSB lends a hand to first-time sellers

Lloyds TSB has extended a mortgage deal previously only available to first-time buyers, to home movers. Sellers opting for the bank’s Lend a Hand loans can take out a mortgage with a deposit of just 5%, at a rate normally associated with a larger down-payment. However, their funds have to be backed up with the [...]

July 8, 2010 | 0 Comments More
Moneynet issues warning on Lloyds TSB overdraft fees

Moneynet issues warning on Lloyds TSB overdraft fees

Lloyds TSB customers who frequently access their overdraft should seriously consider moving their current account to another bank, Moneynet.co.uk has claimed. The financial advice site made the remarks after Lloyds TSB announced a new monthly fee of £5 for customers who use their planned or unplanned overdraft. This fee is in addition to the monthly [...]

June 28, 2010 | 0 Comments More
Lloyds TSB reduces overdraft charges

Lloyds TSB reduces overdraft charges

From 2 December, Lloyds TSB will reduce the overdraft fees on its current accounts. The move comes just a month after the new coalition Government said it would introduce measures that will see an end to “unfair” bank charges, as well as excessive interest rates on credit cards. The banking industry was successful in a [...]

June 24, 2010 | 0 Comments More
Rescued lenders fail to impress mortgage borrowers

Rescued lenders fail to impress mortgage borrowers

Mortgage customers with two of the UK’s rescued banks are less than happy with the service they receive, according to new research from Which? Money. The 41% state-owned Lloyds Banking Group has the furthest to go: only 41% of Bank of Scotland borrowers surveyed expressed satisfaction, while the group’s Halifax unit impressed 44% of home [...]

April 28, 2010 | 0 Comments More
Scottish house prices continue recovery

Scottish house prices continue recovery

In its latest Scottish House Price Monitor, Lloyds TSB tracks the continued recovery of the region’s housing market. Most areas of Scotland were showing price increases over the three months to the end of January 2010, with the average cost of a home up 5.9% on the previous quarter, to £160,074. Dundee and Edinburgh led [...]

February 16, 2010 | 0 Comments More
Lloyds TSB: Prepare for economic recovery

Lloyds TSB: Prepare for economic recovery

Businesses must get ready to make the most of an upturn in the economy, Lloyds TSB has advised. The bank said businesses that are prepared for economic recovery will thrive when the upturn begins. Although there is no certainty when recovery will begin, firms that do not plan could fall into the trap of overtrading, [...]

October 20, 2009 | 0 Comments More
Lloyds TSB reviews final salary pension scheme

Lloyds TSB reviews final salary pension scheme

Lloyds TSB’s final salary pension scheme could be shut down as the bank looks to cut costs following the acquisition of HBOS. The bank plans to review all its benefits schemes in light of the acquisition, with the pension scheme as a likely cost-cutting target, a statement from the bank said. “When Lloyds Banking Group [...]

July 31, 2009 | 0 Comments More
Lloyds TSB pays 5% on monthly saver

Lloyds TSB pays 5% on monthly saver

Lloyds TSB has increased the interest rate on its monthly saver account to 5%. The rate is fixed for 12 months and is available to account holders who deposit between £25 and £250 per month. Penalty-free withdrawals can be made from the account at any time. Colin Walsh, Lloyds TSB managing director of savings and [...]

May 27, 2009 | 0 Comments More
Lloyds TSB launches first-time buyer three-year fix with a twist

Lloyds TSB launches first-time buyer three-year fix with a twist

Lloyds TSB has launched “Lend a Hand”, a new mortgage with first-time buyers in mind. The three-year fix comes at a rate of 4.39%, with a loan-to-value ratio of 95% and a £995 fee. However, applicants will need to be on good terms with their nearest and dearest because the offer is subject to the [...]

May 20, 2009 | 1 Comment More
HSBC tops customer service league

HSBC tops customer service league

HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet. The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience ‘above expectations’. Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations. Lloyds [...]

April 22, 2009 | 4 Comments More
Under 35s most fearful of unemployment

Under 35s most fearful of unemployment

Younger Brits are more concerned about losing their jobs than the older generation, a new study by Lloyds TSB has revealed. People under 35 are more likely to worry about the state of the economy, with 32% of this age group expressing concern about financial issues including unemployment, having less money to spend, being unable [...]

March 27, 2009 | 0 Comments More
Lloyds TSB increases ISA interest rate

Lloyds TSB increases ISA interest rate

Lloyds TSB has announced an interest rate increase on its fixed-rate Cash ISA of up to 1%. Bucking the trend of decreasing interest rates, the bank announced that customers saving £30,000 or more will benefit from an interest rate of 3.20%, fixed for at least 12 months. Accounts holding between £9,000 and £30,000 will be [...]

March 26, 2009 | 0 Comments More
Lloyds TSB launches 3.29% fixed-rate mortgage

Lloyds TSB launches 3.29% fixed-rate mortgage

Lloyds TSB has launched a range of new fixed-rate mortgages with interest rates starting at 3.29%. This headline rate is available on two-year deals with a loan to value (LTV) of 60% or below. Other new products include a 3.99% two year fixed-rate mortgage at 75% LTV, and a 4.99% five year fixed-rate product, also [...]

March 23, 2009 | 0 Comments More
Halifax increases fixed-rates

Halifax increases fixed-rates

Halifax has increased the cost of some of its fixed-rate home loans for new customers, effective from next week. The UK’s largest mortgage lender has hiked rates on 18 of its 52 fixed-rate deals by 0.2%. The move will not please the Government, which has so far committed £11.5 billion of taxpayers’ money to the [...]

February 12, 2009 | 0 Comments More
Consumers expect interest rates to rise

Consumers expect interest rates to rise

One in four UK consumers expect interest rates to rise over the next year. In a January poll by Lloyds TSB, 24% of Brits predicted that interest rates will be higher in 12 months time. This is compared to 4% in Lloyd’s December poll. Lloyds’ Consumer Barometer also found that expectations on inflation have improved. [...]

February 11, 2009 | 0 Comments More