Lloyds TSB Group plc is one of the leading banking and insurance groups in the United Kingdom. According to the UK banking market, Lloyds TSB is currently the fifth largest banking group in the country.
In 1995, the historical merger between Lloyds Bank and the Trustee Savings Bank (TSB) gave birth to Lloyds TSB Group plc making it the second largest bank at that time in the UK by market capitalization. Among the various subsidiaries, Cheltenham and Gloucester handles the mortgages and Scottish Widows handles life assurance.
A subsidiary of Lloyds TSB, Cheltenham and Gloucester (C&G) is a commercial bank and specializes in the mortgages and saving products. C&G is the third largest mortgage lender in the UK and the headquarter of C&G is situated at Gloucester in England. Scottish Widows is an investment company and became the part of Lloyds TSB in 2003 that controls the insurance and investment banking. The head office of Scottish Widows is situated in Edinburgh, Scotland.
Under the trading name Black Horse, Lloyds TSB Group provides motor, personal and retail finance in the UK that is operated by Lloyds TSB Asset Finance Division formed after acquiring Chartered Trust from the Standard Chartered Bank in September 2000 for £267m.
Lloyds TSB offers a sophisticated internet banking facility where the home page of the bank guides the first time users with advices. Lloyds TSB also offers advanced international and offshore banking. Worldwide personal banking facility, current accounts in Sterling and US dollar, mortgage facility in the major world currencies, etc are some of the services that Lloyds TSB offers in international banking.
Lloyds TSB Corporate Markets is a division in Lloyds TSB Group that is dedicated to business services giving an annual turnover £2m. The e-business services like electronic invoicing, auctions, procurement, credit opinions, etc are available in the corporate portal of Lloyds TSB Group. There is also e-banking service available for the financial institutions sector such as internet access to the international accounts.
Among the various banking products offered by Lloyds TSB Group, some of the major products given by them are
- Current Accounts
- Saving Accounts
- Added Value Accounts
- Bridging Loan
- Mortgage Calculator
- Car Insurance
- Cash Account
- Child Trust Fund (CTF)
- Cheltenham & Gloucester Mortgages
- Credit cards
- Student account
- Under 19's account
- Debit cards
- Further Education loan
- Home insurance
- India Banking Service
- Pet insurance
- Travel insurance
- International accounts
- International payments
- Internet banking
- Islamic Home Finance
- Islamic Student account
- Share dealing
- Share dealing account
Apart from the above mentioned services, the Lloyds TSB Group offers a number of mortgages to the borrowers. The major mortgages offered by Lloyds TSB Group are
- 100% Mortgages
- Buy-to-Let Mortgages
- International Mortgage Service
- First time buyer guide
- Fixed-Rate Mortgages
- Fixed-Rate Plus
- Homeowner loan
- Lloyds TSB Offset mortgage
- Lloyds TSB Scotland mortgages
- Low Start Mortgages
- Non-standard mortgages
- Standard Mortgages
- Tracker Mortgage
Contact Details
25 Gresham Street,
London