What this means for workplace landlords, charity partners and conveyancers

Nationwide acquired Virgin Money in October 2024, but since then Virgin Money has continued to operate as a separate legal entity within Nationwide’s Group. The transfer of Virgin Money’s business to Nationwide is the next step in combining the two businesses, working for the benefit of our customers and members to create a mutually owned, full-service organisation.

After the transfer, Nationwide will be the UK’s second largest provider of mortgages and savings accounts, ready to invest more in customer service and offer a wider range of products while also offering the benefits of a large mutual to small and medium-sized businesses for the first time.

As long as the Court gives its approval, we expect the transfer to happen on 2 April 2026. If this date changes, we’ll update our website at virginmoney.com/nationwide-transfer

As the transfer is governed by Part VII of the Financial Services and Markets Act 2000, it must be approved by the Court.

A hearing is due to take place in the High Court in London on 23 February 2026, though this date may change. If it does, we’ll update our website at virginmoney.com/nationwide-transfer

After the transfer, agreements and contracts will legally be with Nationwide, but we will still use the ‘Virgin Money’ and ‘Clydesdale’ brands for now.

You won’t notice any difference in your day-to-day business with us and our contact details will stay the same.

Yes. You can get a copy of the scheme document, together with other important information including a summary of the scheme and a copy of the formal notice of the transfer, at virginmoney.com/nationwide-transfer/key-dates-and-documents. If you’d like us to send you a copy of the scheme document, summary of the scheme, or formal notice of the transfer, please get in touch.

Call our dedicated team on 0800 066 5008* (or 00 44 141 880 2050** from outside of the UK). We’re here from 8am to 6pm, Monday to Friday and 9am to 3pm on Saturdays.

If you prefer, you can also email us at nationwide-transfer@virginmoney.com or write to us at:

Nationwide Transfer
The team at Virgin Money
Sunderland
SR43 4JB

Yes. You can object to the transfer any time before the hearing, or at the hearing itself. We expect it to take place in the High Court in London on 23 February 2026.

Here’s how you can object:

1. You can call, email or write to us with your objection using the details below. Alternatively, you can visit your nearest branch. We’ll then share a copy of any objection with the Court.
2. You can attend the hearing in person – the Court does not accept objections in writing. There’s no fee for attending.
3. You can appoint a legal representative to attend the Court hearing on your behalf (this would be at your own cost).

Call our dedicated team on 0800 066 5008* (or 00 44 141 880 2050** from outside of the UK). We’re here from 8am to 6pm, Monday to Friday and 9am to 3pm on Saturdays.

If you prefer, you can email us at nationwide-transfer@virginmoney.com, or write to us at:

Nationwide Transfer
The team at Virgin Money
Sunderland
SR43 4JB

If you’re planning to object in any of these ways, it would be helpful if you could let us know before 9 February 2026. We can let you know of any changes to the date of the hearing and any details you might need to go to the hearing. We’ll also try to address any of the concerns you’ve raised before the hearing.

We’ll reply to all objections, and we’ll submit copies of any objections we receive to the Court, as well as to the Prudential Regulation Authority and the Financial Conduct Authority.

If you object in writing or by email, please make sure you outline why you think the transfer will impact you.

You won’t be able to object after the hearing on 23 February 2026.

Nationwide is the world’s largest building society, with a 140-year history and over 16 million members. It operates as a British mutual financial institution, which means it’s owned by and run for the benefit of its members.

Nationwide offers a wide range of banking products and services, including mortgages, current accounts, personal loans, credit cards and business savings accounts. In October 2024, Virgin Money became part of the Nationwide group.