Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • lincsvape
    • By lincsvape 18th May 17, 9:27 PM
    • 12Posts
    • 0Thanks
    lincsvape
    Lloyds Banking Group - Lloyds Bank & Halifax lending criteria
    • #1
    • 18th May 17, 9:27 PM
    Lloyds Banking Group - Lloyds Bank & Halifax lending criteria 18th May 17 at 9:27 PM
    I know Halifax and Bank of Scotland (HBOS) are part of the Lloyds Banking Group - along with Lloyds bank.

    But does Lloyds and Halifax have a different lending criteria? Like as a customer at neither can you be more likely to be accepted for a lloyds or halifax credit card or bank account? Or do they use exactly the same criteria?
Page 1
    • Westie983
    • By Westie983 19th May 17, 5:08 AM
    • 3,710 Posts
    • 13,727 Thanks
    Westie983
    • #2
    • 19th May 17, 5:08 AM
    • #2
    • 19th May 17, 5:08 AM
    The same but they all have seperate banking licences, but are the same group so you may find you are offered a lower limit as it will take in consideration what other credit cards you hold regardless of banking group.

    Internal rating will be the same on the systems as they use the same one s, just with the different banks names, not that you can see this information.

    If you are declined for one bank it doesn't stop you from applying to the others. Just keep in mind the total amount of savings to be covered in the LBG group.

    Westie983
    Save 12k in 2017 #16 Total £15130/£12000 126.08%
    Sealed Pot Challenge ~ 10 #97 Total (£252) +£158/£500 = 82.00% ( x 10)
    Xmas 2017 £1 a Day #6 Total £250/£365 = 68.49%
    Virtual Sealed Pot #1 Total £1050/£1000 = 105.00%
    £2 Savers Club 2017 #3 Total (£1450)+£50/£2000 = 75.00%

    Total £18340/£15865 = 115.60%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Heng Leng
    • By Heng Leng 19th May 17, 10:56 AM
    • 3,935 Posts
    • 1,202 Thanks
    Heng Leng
    • #3
    • 19th May 17, 10:56 AM
    • #3
    • 19th May 17, 10:56 AM
    Just keep in mind the total amount of savings to be covered in the LBG group.

    Westie983
    Originally posted by Westie983
    Don't you work for Halifax?

    The banking (savings) licences are held by Lloyds Bank or Bank of Scotland.

    Not at LBG level.
    • YorkshireBoy
    • By YorkshireBoy 19th May 17, 12:36 PM
    • 29,182 Posts
    • 16,985 Thanks
    YorkshireBoy
    • #4
    • 19th May 17, 12:36 PM
    • #4
    • 19th May 17, 12:36 PM
    The same but they all have seperate banking licences, but are the same group so you may find you are offered a lower limit as it will take in consideration what other credit cards you hold regardless of banking group.

    Internal rating will be the same on the systems as they use the same one s, just with the different banks names, not that you can see this information.

    If you are declined for one bank it doesn't stop you from applying to the others. Just keep in mind the total amount of savings to be covered in the LBG group.

    Westie983
    Originally posted by Westie983
    Not sure if you understood the question asked? First you say the lending criteria is the same. Then you go on to suggest applying to another member of the group if the first one declines you. Wouldn't the outcome be the same?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

198Posts Today

1,178Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin