Five new buy-to-let mortgage products have been introduced by The Mortgage Works (TMW) and they are available to both first time and experienced landlords.

The new two year fixed rate products offer a 75% loan to value (LTV), with rates starting at 3.64%.  A remortgage option is available, benefiting from free standard valuation and legals fee, with a rate of 3.84% but both have an arrangement fee of £1,995.

Henry Jordan, managing director TMW, said: “TMW is now expanding on its range of competitive fixed and variable rate Buy to Let products, which is great news for both experienced and first-time landlords and for those customers looking to better their standard variable rate.

“The new longer term three and five year fixed rate products can offer landlords greater payment security, whilst the new two year fixed rate products provide more choice for landlords, especially those with larger loan requirements. These changes further demonstrate our steadfast commitment to supporting landlords in the Buy to Let sector.”

TMW has also introduced new three year and five year fixed rates at 75% LTV. The three year fixed rate mortgage has a rate of 4.49%, and the rate for the five year fixed rate mortgage is 4.99%, both with a fee of £995.

A new Lifetime Variable rate has also bee introduced which is linked to the TMW Managed Rate, currently at 4.99%. This product is free of an ERC after six months, providing landlords with the option of greater flexibility.  This comes with an arrangement fee of £995 and is available up to 75% LTV.