From 13 July selected two-year tracker products will see rates reduced by up to 0.30%, while five-year fixed rate deals are being cut by up to 0.15%.
Alongside these rate changes, a new five-year fixed rate HMO range is being introduced, starting at 3.69%.
Paul Wootton, managing director of TMW, said the lender wanted to “increase the competitiveness” of its product range.
He continued: “Our tracker products will continue to offer a switch to fix feature, meaning that landlords can switch to a fixed rate product at any time during the initial two-year deal period. Extending the range for HMO landlords by introducing a five-year fixed option will also allow us to offer a wider choice of products and continue to support landlords in their choices.”
