Cheltenham & Gloucester

 
 
 
CCC Financial Tenant Loans Secured Loan Overseas Mortgages Cheltenham & Gloucester

About The C&G and Lloyds TSB Group In 1995, following a decision by its members, Cheltenham & Gloucester Building Society converted from a mutual society to a plc and became part of the Lloyds Bank Group. Cheltenham & Gloucester Cheltenham & Gloucester
Cheltenham & Gloucester

The demutualisation was groundbreaking. Although Abbey National had converted and floated on the Stock Exchange six years earlier, it was C&G's conversion and acquisition that provided the catalyst for the series of demutualisations and acquisitions that took place over the next two years - with Halifax, Woolwich, Northern Rock and Bristol & West all converting from building society status.

Cheltenham & Gloucester

As well as delivering cash windfalls to members, C&G's conversion opened up a whole new realm of retail sales to the lender. Within a few months, C&G was selling its mortgages through every Lloyds branch in the UK, giving it the biggest distribution network of any lender. When Lloyds merged with TSB a few months later, C&G began selling its products through their branches, too.
Cheltenham & Gloucester

Cheltenham & Gloucester While remaining focused on its core business of mortgages and investments, C&G, now the UK's third-largest mortgage lender, has massively expanded its customer base and become a key component of one of the world's best-known financial services providers. Cheltenham & Gloucester

Cheltenham & Gloucester
CCC Financial Tenant Loans Secured Loan Overseas Mortgages
   
   
   


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