Halifax Building Society has announced changes to its product range starting November 1st.
For products aimed at home movers and first-time buyers, the Building Society has announced price increases and price reductions for some products. 
Completion deadline and end date have been extended.
For remortgage products, completion and termination dates are also extended.
The lender announced interest rate cuts and extension date extensions for affordable housing products.
All products have a unified completion date of October 31, 2025.
Coventry Building Society has announced the closure of its products from 8pm on November 4th.
To secure the item, intermediaries must successfully submit their application by 8:00 pm on the closing date. This applies to both new business cases and product transfers.
New products will go on sale from 8 a.m. the day after the store closes.
Changes include an increase in all fixed interest rates (excluding set-off and set-off rates only) for new borrower homes.
For existing borrowers, increase all fixed rates (excluding offsets and offset rates only) and terminate all offset fixed rates without fees
For buy-to-let and portfolio buy-to-let to new borrowers, Coventry has increased all fixed interest rates and this also applies to existing borrowers.
Further details on the interest rate changes are expected to be announced by both financial institutions on November 2nd.
Commenting on the flurry of lender changes in recent days, John Charcol's Mortgage Technical Manager Nicolas Mendes said: “Santander recently cut interest rates following the latest budget, while Virgin and Halifax have increased their rates. ” he said.
“Mainstream financial institutions are likely to refrain from making interest rate changes for the time being in order to maintain business and service levels. If merchants follow suit with rate hikes, service levels could come under pressure and lead to further price changes.”
Mendez suggested that lenders are responding to both market conditions and competitors' price changes, balancing adjustments to ensure they remain competitive without significant service disruptions.
“Coventry’s recent rate changes should allow it to remain competitive without significantly impacting its position at the best buy table.”
He added: “My advice to those nearing the end of their fixed rate is to avoid delaying interest rates in the hope that they will go back to where they were a few weeks ago.” Sign a contract now and keep it under review. Although we are optimistic about price reductions, the pace and trajectory remain uncertain. ”
