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Lloyds’ panel cull is a stealth reduction in consumer choice

I was intrigued by the news last week that Lloyds Banking Group is cutting its solicitor panel. All I can say is – what a lot of tosh.

If Lloyds has a problem with a particular law firm or conveyancer by all means remove them, but this plan will lead to a restriction by stealth on consumers’ choice of solicitor.

Lloyds should know that it’s not the solicitor’s choice which company a borrower has a mortgage with – they are simply presented with a fait accompli.

Equally, the volume of business a solicitor has done with a member of Lloyds group has nothing to do with their ability to be good at conveyancing.

It seems that Lloyds is interested in volume rather than quality, which can be just as good from a small solicitor at a lower volume – if not better.
danny lovey




Brokers offer less choice, claims comparison site

Comparison website has launched a blistering attack on the mortgage broker community by claiming advisers offer limited choice because 90% of deals are available only direct. The website says lenders are now offering better deals and the days of brokers offering a whole-of-market range are gone. Kevin Mountford, head of banking at, says: […]


Lloyds maintains 23% gross mortgage share

Lloyds Banking Group has maintained its 23% share of the gross mortgage market and reported a pre-tax profit of £1.6bn for the first six months of the year, compared with a loss of £4bn in the same period a year earlier.

Lloyds dumping PPI may herald product’s demise

Lloyds Banking Group’s decision to scrap payment protection insurance across its brands is the beginning of the end for the product, argues consumer organisation Which?. The bank says regulatory changes make it uneconomic to continue offering the product through its brands which include Lloyds TSB, Halifax,Bank of Scotland, Cheltenham & Gloucester and Black Horse. Lloyds […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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