The Mortgage Works (TMW) has made changes to its buy-to-let product range.

TMW has introduced a one-year buy-to-let tracker with no ERCs, as well as new 80% LTV products available with free standard valuation and free standard legal fees, and a new flat arrangement fee product.

The Nationwide-owned lender has also introduced lifetime variable mortgage products with ERCs until 31 May 2011.

One-year fixed and trackers are available at 60% and 70% LTV, with rates starting from 2.99%.

It has also launched a new five-year fixed rate mortgage at a rate of 5.79%, with 3.5% arrangement fee.

Tracie Pearce, head of products for The Mortgage Works, said: “These changes will give professional and first time landlords even greater value