Lloyds Banking Group agrees sale of Halifax Estate Agencies

LONDON - Lloyds Banking Group (LBG) has reached an agreement to sell its Halifax Estate Agencies business to LSL Property Services.

Halifax
Halifax

The sale of Halifax Estate Agencies, which has a network of 218 offices across the UK, will lead to the loss of 460 jobs, 360 of which are full-time positions.

Each of the Halifax Estate Agencies will be rebranded to one of LSL's brands, which include Your Move, Reeds Rains and Intercounty.

‘Halifax Estate Agency is a well established business and, following a strategic review, we believe that it is better able to grow outside the Group. The Halifax brand is one of the strongest on the high street and remains integral to the Group,' said David Nicholson, managing director of Halifax Community Bank.

LBG insists that the wider Halifax brand is not affected by the sale.

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