TMW is also launching a lifetime variable rate at 4.99% at up to 65% Loan to Value (LTV) with a 1.75% fee for purchase and remortgage products.
In addition, further cash back options are now available on selected products for purchase and remortgage.
Tracie Pearce, head of product management and pricing at The Mortgage Works said: “We are very pleased to announce new buy-to-let products and rate improvements on existing fixed rate products, designed to give intermediaries and their clients even more options to choose from.
“The new two year tracker in particular offers a very competitive rate and the re-launch of the lifetime variable product with Early Repayment Charges until November 2012 gives landlords additional flexibility when managing their BTL investment.
“We regularly review our mortgages to ensure their relevance and competitiveness in the market place and these changes are a further example of that.”
