Coventry to increase variable mortgage rates by 0.25%

Coventry Building Society will increase all variable mortgage rates by 0.25%, with changes being applied on 1 September 2018.

All affected borrowers will be contacted no later than 23 August 2018.

A spokeswomanfrom Coventry Building Society said: “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.”