Today's announcement does not affect the Cheltenham and Gloucester branch network or the savings business. There is also no change for existing mortgages or pipeline applications. Existing customers who require additional borrowing or a new product in future will need to contact Cheltenham and Gloucester directly.
Mike Jones, sales director, mortgages, at C&G commented: "This decision allows us to remove overlap and thereby focus our broker activity via the Halifax Intermediary business. We will build on our strength here so that Halifax truly represents the mainstream intermediary lender for our group. We are committed to the intermediary market, and will be continuing to offer strong rates and leading service levels.
"This approach ensures that across Halifax, BM Solutions and Scottish Widows Bank, the group can continue to offer a focused and all encompassing proposition to brokers and their clients."
