It has also added 60%, 75% and 80% loan to value (LTV) fixed rate products to its range. Products include a two-year fix up to 60% LTV with rates starting from 2.99%, a 4.24% two-year fixed rate up to 60% LTV with a £995 flat fee and three-year fixed rates starting from 3.69%.

It also has five-year fixed rates starting from 3.99%, selected two-year fixed rates up to 75% LTV, three-year fixed rates reduced by up to 0.50% and five-year fixed rates reduced by up to 1%.

Tracie Pearce, head of mortgages for the Nationwide Group, said:

“With rates being reduced by up to 1%, it puts TMW firmly back on the buy-to-let map.

“Our new two-year fixed rate mortgage at 4.24% has an arrangement fee of just £995, making it an ideal option for those landlords looking at larger loans. The changes mean our mortgage rates are now highly competitive, making it even more attractive for landlords to obtain their mortgage with TMW.”

More information on all products are available on the lender’s website.