Virgin Money and (*4*) Bank have narrowed their product transfer utility home windows to 4 months from six months.
The group of lenders say in a be aware to brokers it has made the change as a result of “the speed surroundings has turn into extra steady” and “most prospects now apply [for a new home loan] “throughout the final 4 months of their outgoing product”.
It provides: “A four-month window nonetheless provides your purchasers time to safe a brand new deal forward of product maturity, and we’re assured this may enable you to proceed supporting their wants.”
The lenders say that prospects with merchandise ending on 28 February 2026 will now have the option to apply for a product transfer from 1 November 2025, 4 months earlier than the tip of their present product.
The add that prospects with merchandise ending on 31 January 2026, who’ve been in a position to apply for a product transfer from 4 August 2025, will not be affected by the above adjustments and can nonetheless apply forward of the change to the four-month interval.
The lenders inform brokers: “To guarantee your shopper’s new fee is prepared to begin when their present deal ends, you’ll want to submit an utility by the tenth of the month earlier than expiry for Virgin Money and by the fifteenth for (*4*) Bank.”
