Halifax, one of the most recognisable names on the British high street, is being absorbed into Lloyds.
Halifax and Lloyds were always the same bank behind the scenes. Both are part of Lloyds Banking Group, the UK’s biggest mortgage lender. What’s changing is that from 2027, they’ll operate under one name: Lloyds.
First things first: if you have a Halifax mortgage, nothing changes
If you currently have a Halifax mortgage, your payments stay exactly the same and your deal carries on as normal. You don’t need to do anything. Your mortgage isn’t disappearing, just the name above the door is changing, eventually.
Why this is actually good news for you
For years, some of Lloyds’ best mortgage perks were locked away. You could ONLY get them by walking into the bank yourself, no broker, no adviser, no one in your corner helping you decide whether it was genuinely the best deal for you, or just the best deal that one bank happened to offer.
From 7 July 2026, that changes. Mortgage brokers and advisers can now access Lloyds products that were previously only available direct. Here are the two changes I think matter most:
1. Lloyds Premier customers can now save through a broker
If you hold a Lloyds Premier account, your broker can now get you up to 0.2% off your mortgage rate. That might sound small on paper, but on an average mortgage it adds up to thousands of pounds over your deal — for having a bank account.
To give you a real example: at the time of writing, the lowest two-year rate for homebuyers is 4.33% for core Halifax borrowers, but 4.13% for Lloyds Premier customers. Same bank. Same house. Different rate.
Until now, an adviser couldn’t get that for you. Today, we can.
2. Existing Lloyds mortgage customers finally get access to advice at renewal
Huge news in the mortgage market as Halifax gets absorbed by Lloyds.
For the first time ever, if you’re an existing Lloyds mortgage customer coming up to renewal, a broker can now handle your product transfer for you. Previously, when your deal ended, your only option was to go back to the bank directly and take whatever they offered.
Now you can have someone on YOUR side of the table — someone who can look at your whole situation, compare your options, and give you full advice. Because getting a remortgage is about so much more than a new rate. It’s about your plans, your family, your future.
The bigger picture
This change is Lloyds recognising that most people want — and deserve — proper advice when making the biggest financial decision of their lives. More products available through brokers means more of the market visible to the person fighting your corner. That can only be a good thing.
What should you do now?
If any of these sound like you, it’s worth a conversation:
- You have a Halifax or Lloyds mortgage
- You hold (or could hold) a Lloyds Premier account
- Your current mortgage deal is ending in the next six months
Speak to an adviser now to understand exactly what this means for you and your family. It costs nothing to ask the question — and it could save you thousands.
This article is for information only and is not financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage. Rates correct at the time of writing and subject to change.
