Existing Isle of Man customers will continue to be serviced until contract's end
Motor finance company Black Horse Offshore has stopped offering new loans, or additional borrowing on existing loans, from today (13 November).
Part of a Lloyds Bank subsidiary, the firm offered vehicle finance plans to customers in Jersey, Guernsey, and the Isle of Man.
A statement on its website confirming the decision invites anyone with any questions regarding their existing loans to get in touch.
A spokesperson for Lloyds Banking Group told Manx Radio: “To achieve the ambitious strategy that we launched in February 2022 and deliver better service to our customers, we are transforming our business.
"Our wide range of products and services in the Crown Dependencies will be provided solely under our Lloyds brand, as we aim to simplify our offering and deepen our client and customer relationships.”
It says services will continue for existing customers until their contracts end.
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