UK building society announces change for customers from Monday with 'extra cost'

It is thought that it will be the first of several to do so10:12, 03 Sep 2026Customers of a UK building society will face extra charges from next week.‌The first mainstream lender has increased mortgage rates as they start reacting to the bond market chaos with brokers urging "borrowers to act quickly". Coventry Building Society (BS) has announced increases across its entire range of fixed-rate mortgages as rising bond yields and swap rates place renewed pressure on lenders’ funding costs.‌The changes affect fixed deals for new and existing residential and buy-to-let borrowers, raising concerns that other lenders could follow with their own repricing announcements. They will be implemented from Monday – when it will reveal how much the increases will be.‌Fixed mortgage rates are largely in