The Mortgage Works (TMW) has cut rates and added new products to its residential mortgage range.

Rates have been cut by up to 0.65% on selected existing products, the majority of which are on the two-year and three-year fixed rates.

TMW has added new two-year capped tracker products and fixed rate options with £250 cash-back and free valuations for remortgage customers.

Tracie Pearce, head of product management and pricing at TMW, said: “The addition of two-year capped trackers and remortgage products with free standard valuations and £250 cash-back further enhance our residential range