Your jumping the gun slightly, all that is happened so far is that Lloyds TSB have confirmed that the Co-Op are their preferred bidder to take over their branches and they will now enter exclusive talks with each other...

There is still a distinct possibility that they sale will not go ahead although it is very likely........

I owed tsb a fortune and now bank with the co-op but any takeover is a long way off.

Paul

On the plus side I may actually get a co-op branch in a town near me!!!

Paul

I Have similar concerns given that I transferred to co op however my debts are with halifax bank of scotland including my mortgage,

ive done some reasearch and it seems the co op are the preffered bidder as they have established themselves compared to the rival bidding bank set up purely to buy lloyds stock, albeit they have a superior IT infrastructure, that said it does seem a bit of a coincidence that co op are now processing payments much faster than before.

when i looked into it i found out that lloyds and hbos are still registered seperately could this mean the prospect of hbos transferring out of lloyds and into co op thereby dropping the seperate company altogether, i have noticed my local hbos is now a lloyds branch,

well im going to stop rambling and just ask these few questions

1.if lloyds sells my debt or active accounts ( mortgage ) to co op will i have my account frozen?
2.what problems with my mortgage could arise?
3.would i have to move to another bank?

i have spoken to my trustee over at rsm who are very good however they are still looking into this matter just wondered who may have some knowledge to share on here

is it time to open a new account elsewhere?

cheers all.

My guess is that it won't cause you any problems - however I couldn't say this for sure.

I'm not sure that anyone will be able to answer your question with any certainty at present. We'll just have to wait and see qhat happens I guess...

Hmmm, that worries me too. My OH has an outstanding TSB loan for about £1200 (this is included in our TD) - we've just opened a Cashminder account with Co-op. Will this be affected?

At this rate, there are not going to be any "safe" banks left!

Hi pammy1969.

As Kevin says, I'm not sure we are going to get any further than a "wait and see" position at the moment until it becomes clear that this deal will actually go through and the details of it.

I'm sure there will still be plenty of accounts available for people while they are in trust deeds though whatever happens.

Thanks for replying,

hopefully things will be ok.