![]() ![]() The online Money Manager service will be rebadged Money Planner and with Lloyds owning the trademark for Cashpoint, any cash card you have will be renamed an ATM card.įortunately the interest rates on the accounts will remain the same and the staff should know what you're on about if it takes you a while to adjust. If you have had a Vantage current account when you move to TSB it will be renamed an Enhance, with the same interest paid. However, the name of your account and things attached to it could change. Once used, a new TSB branded cheque book will be issued.įor internet banking, you will also be able to use the same details to log in as before – although you will need to use the TSB service, not Lloyds. LLODYS TSB BANK CODEThese still carry Lloyds branding but, from Monday, TSB-branded cards will start to be issued.Ĭustomers will still be able to use any remaining cheques from their existing Lloyds book as the account number and sort code will remain the same. If you are being shifted to TSB, by now you will have received new debit and credit cards. Will my account details change? No, sort codes and account numbers will stay the same. That deal fell through, but the same customers are being moved from the Lloyds brand. The original plan was for Lloyds to sell the TSB branches to the Co-operative Bank, and when that was agreed it wrote to customers informing them they were being moved. How do I know if I'm one of those customers? You will have received large amounts of communications from Lloyds by now, including new cards. You might not necessarily run your account in a branch – all of your contact with the bank may be online – but if your account is held there, it will move over. His Lordship noted that the circumstances in the Imperial case were far removed from the present.Who is being moved? The move will affect customers who hold accounts with one of the 631 branches that are being rebranded as the TSB bank. If there was a duty of good faith, that duty involved an obligation on the mortgagee to consider any request made to it by the mortgagor to give consent to letting the mortgaged property, relying on Imperial Group Pensions Trust Ltd v Imperial Tobacco LtdWLR ( (1991) 1 WLR 589) to support the proposition that a blanket refusal to consider giving consent was a breach of that duty. The duty of good faith was an equitable duty arising out of the relationship of mortgagor and mortgagee. Mr Phillips said the duty was one arising out of a duty of good faith owed by a mortgagee to a mortgagor when doing any positive act and in particular when exercising the right to withhold consent to a letting by a mortgagor. The point raised was whether, in a case where the statutory power afforded to a mortgagor in possession to grant such leases as specified in section 99 of the Law of Property Act 1925 had been modified, a duty was owed by the mortgagee to the mortgagor to consider properly any request by the mortgagor to let the mortgaged property. LORD JUSTICE PETER GIBSON said that the appeal raised a short point which, if the mortgagor was right in his submissions, would have considerable significance for lenders and borrowers on the security of real property. ![]() Mr Mark Hapgood,QC and Mr Derrick Dale for the bank Mr Mark Phillips, QC and Mr Jonathan Crystal for Mr Starling. The Court of Appeal so stated in a reserved judgment when allowing an appeal by Lloyds TSB Bank plc against a decision of Mr Justice Rix on Octoto allow the appeal of Mr John Starling against an order of Master Eyre to strike out his claim for negligence and breach of duty owed by Lloyds TSB Bank plc relating to banking services as disclosing no reasonable cause of action. A claim that a lender had breached an equitable duty of good faith owed to a borrower to consider properly any request by the borrower to grant a lease to a property over which he had secured a mortgage which failed to show dishonesty or improper motive and which made the alleged duty unworkable in practice should be struck out. ![]()
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