A procurement fee of 0.2% will be paid on all product transfer business.
All loans are subject to status and applicant must be aged 18 years or over. First time buyer products are not eligible.
(Information correct as at 30th November 2023).
Select the applicable option below, complete the details to find the available mortgage product. Click the +button to review the selected product and then apply.
Complete the online application form. It is only necessary to input the first applicant's details.
We will send you and the customer an offer to review. Should we not hear from you or the customer within 10 days from the date the offer was issued we will proceed to transfer the mortgage to the selected product.
If you select a fixed rate mortgage product then your customer will not be eligible to link any offset accounts against their mortgage. If your customer currently has an offset mortgage any offset account linkage will cease when a fixed rate comes into force.
Please note that if your customer has previously made lump sum credits and/or regular overpayments to their mortgage with a view to using our borrow back facility in the future, by transferring to a new deal they will lose the ability to redraw these funds.
Where your customer is completing a new product switch application, they can also make further amendments to the mortgage during the final 3 months without incurring an Early Repayment Charge. These include:
Our online application service is only available for straight balance swap product transfers. If you are looking to apply for additional lending for your customer at the same time please complete our Residential or Buy-to-Let application form for a further advance or product transfer with additional borrowing.
If your customer does not have their current mortgage information these details can be requested here.
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If your customer is currently in a fixed term or discounted deal period, the switch process can be started up to a maximum of 6 months before the current deal expires.
The product fees displayed for product transfers have already been reduced by 50% in comparison to the equivalent new business product.
Fees may apply. Please note: any valuation obtained by the bank is for bank purposes only.
Customers with an existing Clydesdale Bank interest only mortgage must have a strategy in place to repay the capital at the end of the term. We require the details of the repayment strategy to be submitted with the application form. For more information on the acceptable repayment strategies please visit our literature page. Where the customer holds a repayment strategy, but where this strategy is not listed on the acceptable repayment strategy list, a product transfer will be considered where the repayment strategy is:
Monday - Friday, 9.00am - 5.30pmexcept Wednesdays, 9.30am - 5.30pm
In the first instance please check the Case Tracker.
To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.
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If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
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