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Halifax reduces product transfer future dating window to four months
Halifax has shorted its future dating window for product transfers from six months to four months, citing market conditions.
Customers with products ending from 28 February 2025 will be able to apply for a product transfer from 1 November.
Customers with products ending on 31 January 2025, who could apply for a product transfer from 1 August, are not impacted by the changes and can still apply ahead of the four-month window.
The bank said that to manage its pipeline, the reduction will be staggered and fall to five months for one calendar month from 1 September and then to four months from 1 October.
In an update on its intermediary page, Halifax said: “The current market conditions mean it is appropriate to reduce the window while still allowing customers the flexibility to select a new deal well in advance of their current one ending.”
The lender reiterated that customers choosing a product transfer deal at the four-month mark will not be bound to the new deal and can change their minds right up until the new rate comes into effect.
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In the last three months of their deal, customers can choose to start their new rate from the start of the following month with no early repayment charges (ERCs).