For homemover and first time buyer products, the building society has announced rate increases and decreases on selected products

Complete by dates and end dates have been extended.

For remortgage products, complete by dates and end dates are also extended.

The lender has announced rate reductions to its Affordable Housing products and end dates extended.

Complete by dates have been aligned across all products to 31 October 2025.

Coventry Building Society has announced product closures, which will come into effect from: 8pm on 4 November

To secure a product, brokers will need to successfully submit the application before 8pm on the closure date.  This applies to both new business cases and product transfers.

Any new products will be launched from 8am the date following closure.

Changes include – on residential for new borrowers, increasing all fixed rates (excluding Offset and Offset Interest-only).

For existing borrowers, increasing all fixed rates (excluding Offset and Offset Interest-only) and closing all Offset Fixed rates with no fee

For buy to let and portfolio buy to let new borrowers Coventry is increasing all fixed rates and this applies to existing borrowers too.

Further specifics on rate changes will be provided by both lenders on 2 November.

Commenting on the spate of lender changes in the last few days, John Charcol mortgage technical manager Nicholas Mendes said: “Santander has recently reduced its rates following the latest budget, while Virgin and Halifax have increased theirs.

“Mainstream lenders are likely to hold off on making immediate rate changes to maintain business and service levels. However, if there’s a surge in applications from clients looking to secure current rates, or if other lenders follow suit in raising their rates, this could pressure service levels and lead to further repricing.”

Mendes suggested lenders were responding to both market conditions and competitor repricing, balancing adjustments to remain competitive without significant service disruption.

“Coventry’s recent rate change should keep them competitive without significantly impacting their position in the best-buy tables.”

He added: My advice for those nearing the end of their fixed rate remains avoid delaying in hopes that rates will return to levels seen a few weeks ago. Secure a deal now and review it continually. While we’re optimistic about downward repricing, the pace and trajectory remain uncertain.”