The Mortgage Works (TMW) has made changes to its intermediary-focused mortgage range.

As part of its Let to Buy range, TMW has launched a new 4.99% lifetime variable managed rate product with £1,899 arrangement fee, up to 70% LTV. It has also introduced a new 3.99% one-year fixed and tracker products with free valuation and free legal fees. They are available up to 70% LTV, with 3.50% arrangement fee and £150 booking fee.

With its Expanded Light Refurbishment product range, TMV has launched a new 4.99% lifetime variable managed rate product with £1,899 arrangement fee, up to 70% LTV and a new 4.59% one-year fixed and tracker products with £750 cash-back. It is available up to 70% LTV, with 3.50% arrangement fee.

TMW has also made selected reductions to its buy-to-let fixed rate deals. Three-year buy-to-let fixed rate products have been reduced by 0.35% and the five-year deal has been cut by 0.20%.

The TMW stepped tracker range has now been renamed ‘step down tracker’ to help highlight the reduced tracker loading in the second year.