Virgin Money and Clydesdale Bank have narrowed their product transfer application windows to four months from six months.
The group of lenders say in a note to brokers it has made the change because “the rate environment has become more stable” and “most customers now apply [for a new home loan] “within the last four months of their outgoing product”.
It adds: “A four-month window still gives your clients time to secure a new deal ahead of product maturity, and we’re confident this will allow you to continue supporting their needs.”
The lenders say that customers with products ending on 28 February 2026 will now be able to apply for a product transfer from 1 November 2025, four months before the end of their current product.
The add that customers with products ending on 31 January 2026, who have been able to apply for a product transfer from 4 August 2025, are not affected by the above changes and can still apply ahead of the change to the four-month period.
The lenders tell brokers: “To ensure your client’s new rate is ready to start when their current deal ends, you’ll need to submit an application by the 10th of the month before expiry for Virgin Money and by the 15th for Clydesdale Bank.”
