TMW launches let-to-buy products and slashes rates

For example, in its let-to-buy range, TMW has launched a 4.99 per cent lifetime variable managed rate product for finance up to 70 per cent loan-to-value (LTV). This product comes with a £1,899 arrangement fee.

It has also revealed a new 3.99 per cent, one-year fixed and tracker products with free valuation and free legal fees.

This is also available up to 70 per cent LTV, with a 3.5 per cent arrangement fee and £150 booking fee.

Elsewhere, Nationwide's intermediary lending arm has also expanded its light refurbishment product range.

This includes a 4.99 per cent lifetime variable managed rate product with a £1,899 arrangement fee, and which is available up to 70 per cent LTV.

There is also new 4.59 per cent one-year fixed and tracker products with &poiund;750 cash-back. Again, available up to 70 per cent LTV and which comes with a 3.5 per cent arrangement fee.

Meanwhile TMW has also reduced the rates on selected buy-to-let fixed rate products.

These include the three-year buy-to-let fixed rate product, which has been reduced by 0.35 per cent, and the five-year buy-to-let fixed rate product reduced by 0.2 per cent.