Lloyds Banking is to cut 460 jobs including 360 permanent positions following the sale of Halifax Estate Agencies to rival LSL property for just £1.LSL will take over Halifax Estate Agency's assets and liabilities, which operates through a network of 218 branches, including 93 franchise operations.LSL is the parent company of estate agency brands Your Move, Reeds Rains and Intercounty and the Halifax branches will rebranded to one of these over time.The Halifax brand is not included in the sale and the effect on the Lloyds Banking Group accounts is not expected to be material, it said.As part of the transaction, there are 121 Halifax banking counters located within the estate agent offices, which will close early in the New Year. The vast majority of these locations have either a Halifax or Lloyds TSB branch within one mile.Some 1,050 estate agency staff will transfer to LSL, but as a result of the counter closures, up to 460 colleagues will be affected with the loss of approximately 360 full time roles. "The Halifax brand is one of the strongest on the high street and remains integral to the group. Halifax bank branches will continue to operate on the high street in England and Wales alongside Lloyds TSB and we are focused on growing and developing the Halifax business," David Nicholson, Managing Director of Halifax Community Bank, said.