From Friday 17 May first-time landlords will have access to the standard buy-to-let range for mortgages of up to 75% loan-to-value.

TMW has also expanded its range of products to include a 2.99% one-year fixed rate at 75% LTV and a 2.5% fee and a 5.39% two-year fixed rate at 65% LTV with a £995 fee.

Managing director Henry Jordan said he was delighted to give first-time landlords access to the range: “With rates starting from as low as just 2.74 per cent, these customers can now take advantage of products that will help maximise their cash flow.

“We are also increasing the number of products that have an arrangement fee of £995. Together these moves underline the fact that TMW is committed to offering wider choice and flexibility to both first-time and experienced landlords.”