You are here: Home - News -

Coventry Building Society latest lender to raise variable mortgage rates

  • 10/08/2018
  • 0
Coventry Building Society latest lender to raise variable mortgage rates
Coventry Building Society has increased all variable mortgage by up to 0.25% with effect from September 1 2018, in response to the Bank of England base rate change.


The lender has also increased its savings rates for new and existing savers by up to 0.25%.

All affected savers and borrowers will be contacted no later than 23 August 2018, the lender said.

A spokesperson from Coventry Building Society added: “We’re contacting all affected members, not just the ones the regulations require us to, because we want all members to know and understand the decisions we’re making.”


Other rate rises

Other lenders have also increased their rates following the Bank of England’s base rate rise from 0.5% to 0.75% in August.

TSB, Lloyds Bank and Santander have all confirmed variable mortgage rate rises.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
jigsaw UK piece out of eu
EU nationals renting in the UK at risk of losing their homes over Brexit uncertainty – RLA

Brexit uncertainty puts European Union citizens living in the UK at risk of losing their homes, unless the government confirms...