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Coventry latest to pass on bank rate rise

Coventry Building Society has upped its savings and mortgage rates in response to the Bank of England’s decision to increase the base rate in early August.

As well as increasing the rate on its savings products, all of the building society’s variable mortgage rates will rise by 0.25 per cent, too. The changes will occur from 1 September.

A Coventry Building Society spokesperson comments: “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.” Said members will be contacted by 23 August.

Coventry joins an increasing roster of lenders who have taken such action, including Nationwide, Santander, and Sainsbury’s Bank.



Nationwide increases mortgage rates

Nationwide has responded to last week’s Bank of England interest rate decision by adjusting its savings and mortgage rates upwards. Savings rate changes will start on 31 August and will include the help to buy Isa rate being upped from 2 per cent to 2.50 per cent. Mortgage rate increases will take effect from 1 […]

Santander increases mortgage rates

Santander has become the latest lender to increase savings and mortgage rates after the Bank of England brought the base rate up to 0.75 per cent last week. This change follows similar moves by Nationwide and Sainsbury’s Bank. From 03 September, alongside all tracker mortgage products linked to the base rate receiving a bump upwards of […]

Sainsbury’s increases fixed residential mortgage rates

Sainsbury’s Bank has increased its rates across its residential product range following the Bank of England’s recent decision to raise the base rate. The changes affect two- and five-year purchase and remortgage products. The two-year purchase product changes are as follows: 60 per cent LTV increased to 1.57 per cent with a £995 product fee […]


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