The HBOS subsidiary said that its Halifax Legal Solutions offering is believed to be the first of its kind by a major high street financial services provider.

Customers using the service will pay an annual membership fee of GBP89, which gives them unlimited access to all services either online or via a dedicated telephone legal advice service staffed by a team of solicitors, barristers and other qualified professionals.

Services available through Halifax Legal Solutions include will preparation, an ID theft resolution service, a searchable web-based law guide and discounted conveyancing.

The bank believes that the venture represents a significant organic growth opportunity in a market that the Department for Constitutional Affairs estimates to be worth GBP8 billion.

In other announcements, Halifax has posted a note on its website detailed forthcoming updates to its online banking service. The improvements will include a new look, plus new features that will enable users to transfer money between banking and savings accounts more easily, and apply for an overdraft and change existing overdraft limits online.