Halifax cuts product transfer future dating window to four from six months   – Mortgage Strategy

Halifax will cut its future dating window for product transfers to four from six months.
“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 says on its intermediary website.
Customers with products ending from 28 February 2025 will now be able to apply for a product transfer from 1 November 2024, four months before the end of their current product.
The firm adds, that customers with products ending on 31 January 2025, who have been able to apply for a product transfer from 1 August 2024, are not affected by these changes and can still apply ahead of the four-month period.
The reduction of its product transfer window will be staggered. It will be cut to five months for one calendar month from 1 September and then to four months from 1 October.
“Customers choosing to future date are not bound to the new rate and can change their mind right up until their new rate comes into effect,” the firm says.
It points out: “As well as future dating, customers within the last three months of their product can choose to start their new rate from the start of the following month with no early repayment charges.”
In June, Santander also reduced its its product transfer window for existing customers to four from six months.