The people who give you extra

From the Halifax, our customers get great value products and straightforward services to make them better off. 

From mutual beginnings...  

In December 1852 a small group gathered in the Old Cock Inn in Halifax, which is still there today, to set up an investment and loan society, for the mutual benefit of local working people; that loan society would eventually become the world's largest building society. Those with spare cash could invest it; others could then borrow, using the funds to buy or build a house.

By Christmas that year the Halifax Permanent Benefit Building Society was formally established. On 26th May 1853, Esau Hanson became the first person ever granted a mortgage by the Halifax, borrowing £121 to buy land on St. John's Lane.

Within a year there were 584 members and a further 144 depositors. More than £9,000 had been lent, with another £2,000 agreed for homes being built.

In 1913 assets reached £3 million and the Halifax became the largest building society in the world. By 1927 assets had risen to some £27 million. In 1928 Halifax Permanent merged with the Halifax Equitable, creating the Halifax Building Society. With assets of £47 million this new society was some five times the size of its nearest peer.


...to new player on the high street

In 1986, new legislation allowed building societies to increase their range of financial services. The Halifax steadily diversified into personal banking. 

Then in February 1997 its members voted overwhelmingly in favour of conversion to plc status. The subsequent flotation on 2nd June was the largest the Stock Market had seen and created some 7.5 million shareholders overnight.

The Halifax then quickly set out to become the challenger bank on the high street, delivering great value products and straightforward services that challenge the value offered by other banks. Halifax colleagues are right at the heart of the brand as ‘the people who give you extra’.

Challenging the banking sector

The Halifax is a unique brand in the high street, with its own way of doing things. It offers innovative products and a vibrant spirit, big ideas with a big personality. The Halifax team are determined to make customers better off, harnessing colleagues' friendly and enthusiastic approach as “the people who give you extra”. The Halifax prides itself on offering great value products that help make each one of their 17 million customers better off.

From 2002 to 2013 Your Mortgage magazine has judged the Halifax to be the best overall lender, its home solutions insurance has won five stars, and the Halifax likes to share the winning habit with customers too – its monthly Savers Prize Draw making saving more rewarding.

To find out more about the Halifax and its full range of products visit the website.

  1. Lloyds Banking Group