Virgin Money has made changes to how its product transfer offers are accepted.Â
Previously, clients had to sign and return an Offer Acceptance Form to complete a product transfer.
Now, in most cases, Virgin Money will set up the new deal automatically 10 days after the offer date, and it will start once the current deal ends.
If circumstances are different, Virgin Money will give instructions in the offer paperwork.
Applications received before the 10th of the month before the deal matures should start on time.
Late applications, after the 10th, could mean clients pay a higher variable rate.
Clients who take a product transfer with extra borrowing still need to complete an Offer Acceptance Form.
