Virgin Money and Clydesdale Bank are reducing the length of time customers can apply for a product transfer, shortening the window from six months to four.

The banks say the change, which follows a review of their transfer proposition, reflects a more settled interest rate environment, with the majority of customers now applying closer to the maturity of their existing deals.

From 1 November 2025, borrowers with Virgin Money or Clydesdale products maturing on 28 February 2026 will be able to secure their next rate four months in advance. Customers with products ending on 31 March 2026 and 30 April 2026 will see their windows open on 1 December 2025 and 1 January 2026 respectively.

Those with mortgages ending on 31 December 2025 and 31 January 2026 are unaffected by the change, as their transfer windows are already open under existing terms.

The banks said that a four-month period still gives customers and brokers ample time to arrange a transfer and ensure a new rate is in place before maturity. To guarantee the switch happens on time, applications must be submitted by the 10th of the preceding month for Virgin Money, and by the 15th for Clydesdale Bank.

Brokers are advised to contact their business development managers with any queries about the updated timelines.