Halifax makes things happen
At Halifax we’re the friendly can-do people who make things happen for our customers.
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.