Specialist lender The Mortgage Works (TMW) has made a number of changes to its portfolio and reduced the rates on its buy-to-let and self-certification mortgages.

Two new self cert products are also being also being launched, including a three-year fix at 5.63%.

Buy to let deals now include 90% LTV and 100% rental calculations on all fixed rate products.

A self-cert three-year fixed at 5.63% has been introduced, while the two-year BBR tracker is reduced to 5.58%.

A three-year BBR tracker at 5.99% is also now available.

The ‘switch to fix’ option gives borrowers the flexibility to switch from TMW’s two or three-year BBR trackers at 5.99% to any of TMW’s self-cert fixed rate products, without having to pay a Early Redemption Charge.

Matthew Wyles, group development director at TMW, said: “Two of our self-cert trackers now allow borrowers to switch to any of our fixed rate products by simply paying the new product’s arrangement fee.

"In addition, we will now lend up to £1 million self cert at 85% LTV including first-time buyers.”

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