Clydesdale and Coventry relaunch mortgage products

The Coventry has returned to the buy-to-let market with new five-year fixed rates starting from 5.85% up to 75% LTV, with a portfolio product available at 5.95%, both with a £1,999 fee.

In a statement, the Society said that "to reflect the current economic outlook" it has also increased its buy-to-let stress rate to 6.5%. Its online affordability calculator has been updated with the new rate so brokers can check whether the new buy-to-let products will be the right fit for their clients.

Clydesdale has also reintroduced a number of residential and buy-to-let products.

At 75-80% LTV two-year fixed rates have relaunched from 6.29% and five-year fixes from 5.94%.

90% LTV £600k-£1m two and five-year fixed rates are available from 6.39% and professional and selected newly qualified professional products have returned from 5.89%.

In its £1m+ range, 65-85% LTV two-year fixes have increased, with new rates from 6.19%, and five-year fixes have relaunched from 5.84%.

In addition, selected buy-to-let products have relaunched from 6.00%.

On Clydesdale's product transfer range, all fixed rate products have increased with new rates from 5.64%.