Lloyds TSB Split

stclair

I've had at least three different communications regarding the split and I'm starting with lloyds. They was enclosed with my statements and a seperate mail shot.

dr_adidas01

stclair wrote: »

I've had at least three different communications regarding the split and I'm starting with lloyds. They was enclosed with my statements and a seperate mail shot.

Same for me to and the most recent one I think was last month telling me that from 14th of August the TSB part of LLoyds TSB will operate as a separate entity.

stclair

dr_adidas01 wrote: »

Same for me to and the most recent one I think was last month telling me that from 14th of August the TSB part of LLoyds TSB will operate as a separate entity.

Yes I received that one yesterday.

pmduk

If you reread the letter I think that you'll find it refers to a date to be announced "after 14th August"

chanz4

anyone noticed that their credit file now says "LTSB Scotland Current Account "

smudgescamp26

Can anyone tell me, with all the lloyds splitting from tsb hoohar, will there be any compo. I know. I'm mercenary but hey its not our fault we're being made to reregister if we want to stay. It should be the other way round, if we want to move we can if not we stay with lloyds.

Thrugelmir

smudgescamp26 wrote: »

Can anyone tell me, with all the lloyds splitting from tsb hoohar, will there be any compo. I know. I'm mercenary but hey its not our fault we're being made to reregister if we want to stay. It should be the other way round, if we want to move we can if not we stay with lloyds.

Compensation for what?

To comply with the EU remit , Lloyds has to divest itself of a certain number of current accounts. So your suggestion would be self defeating.

pqrdef

Thrugelmir wrote: »

To comply with the EU remit , Lloyds has to divest itself of a certain number of current accounts. So your suggestion would be self defeating.

But it's usually the lender who has the right to sell the loan to somebody else, not the borrower. Unless we're overdrawn, we aren't theirs to sell.

JuicyJesus

pqrdef wrote: »

But it's usually the lender who has the right to sell the loan to somebody else, not the borrower. Unless we're overdrawn, we aren't theirs to sell.

Your terms and conditions say otherwise. Can't be arsed to dig out the Lloyds TSB terms right now but they will say something along the lines of "blah blah we can assign our rights and responsibilities under this agreement to someone else blah blah". Will post up an actual quotation in a second.

JuicyJesus

Ah. I will hold my hands up, I can't actually find that clause in the terms. Other terms do talk about their right to transfer information about you to a potential purchaser however, and specifically state that customers may not transfer their rights or obligations to anyone else. I would interpret this as meaning they themselves may, however.

This is all academic, mind you, because they most certainly do have the right. You have the right to exit the contract you hold with them if you do not wish to join TSB (i.e. close your account, bank somewhere else.)