Halifax is a UK banking chain offering a range of financial products, including credit cards, loans, car finance, insurance, investments, mortgages, savings and current accounts. It currently serves around 18 million customers. Halifax is a division of Bank of Scotland, which is a wholly-owned subsidiary of Lloyds Banking Group.
Founded in 1853, Halifax developed into the UK's largest building society until it demutualised in 1997. Subsequently, it became a public limited company, later merging with The Governor and Company of the Bank of Scotland to form HBOS. In January 2009, HBOS was acquired by Lloyds Banking Group in a takeover by Lloyds TSB.
For the year ended 31 December 2014, Lloyds Banking Group reported total assets of £854.896bn.
Halifax Intermediaries provide a variety of mortgage products through advisers and brokers in addition to insurance policies for both buildings and their contents, which are available to landlords, tenants and residential customers. Its Premier team offers specialist support for large loan requirements.
Halifax also conducts the long-standing Halifax House Price Index series, which dates back to January 1983, along with a number of other economic and business research reports.