Mortgage competition rules relaxed to allow Lloyds/HBOS takeover
September 18th, 2008
- Posted by giftwrap
- Filed under Mortgage Advice
- Mortgage competition rules relaxed to allow Lloyds/HBOS takeover
The government has announced that they relaxed the usual strict competition rules to allow the Lloyds/TSB takeover of HBOS which includes Halifax. This has created a super bank who have c30% of the countries mortgage borrowers. But what does it mean for more competitive fixed rates with Halifax and C&G (Lloyds lending arm) often vying to offer the best deals in the past.
Is this the death knell for C&G as a lending name?
