In addition, the specialist lender has launched a number of buy-to-let products and reduced its existing range of two-year fixed and tracker products by up to 0.4%.
The products include a two-year tracker at base rate plus 2.49% up to 65% LTV and a two-year tracker at base rate plus 2.79% available up to 75% LTV.
Both products are available for a 3.5% arrangement fee. It has also launched an 18-month fixed rate at 4.29%, available up to 75% LTV and for a 2.5% arrangement fee.
Tracie Pearce, head of product management and pricing at TMW, said: “The rate improvements are great news for landlords looking for a new buy-to-let deal.
“We’re also allowing even more customers who take out new buy-to-let trackers to switch to a fixed rate at a later date. Extending this feature may particularly suit those who want to take advantage of the low base rate environment now and retain the ability to switch to a fixed rate if the base rate starts to rise.”
