e.surv will supply surveying and valuation services to Lloyds Bank after its parent LSL Property Services signed a deal with Lloyds Bank.
Lloyds previously carried out surveying and valuations in-house. Its existing surveyors and back-office employees will transfer to e.surv in the third quarter.
The contract initially spans five years.
Ian Crabb, group chief executive of LSL, said: “I am pleased that Lloyds Bank plc, which currently employs c.200 surveyors, has chosen LSL as its partner to provide this service for the Bank.
“This contract award demonstrates the market leading proposition that e.surv is able to offer its customers and reflects well on the technology investment which e.surv has made to enhance its proposition through the development of a market leading Surveying IT platform.
“I would also like to take this opportunity to welcome our new colleagues into the LSL Group.”