The product, which TMW believes is the only one of its kind available in today's market, is fee-free and available at 5.99 per cent for both purchases and remortgages.
Andy McQueen, managing director of TMW, explained that research has showed a need amongst landlords for longer-term fixed rate products to ward off interest rate fluctuations and give an extra degree of security.
The lender has also launched a number of other buy-to-let and self-cert products, including a two-year buy-to-let fix at 4.99 per cent.
Details are as follows:
Buy-to-let, all at 85 per cent LTV
- Two-year fix at 4.99 per cent with 2.75 per cent fee
- Three-year fix 5.73 per cent with 1.5 per cent fee
- Three-year fix 6.24 per cent without fee
- Five-year fix 5.69 per cent with 1.5 per cent fee
- Fifteen-year fix at 5.99 per cent without fee (rental cover 110 per cent)
- Three-year fix - 5.79 per cent, 75 per cent LTV with 1.5 per cent fee
- Three-year fix - 6.49 per cent, 85 per cent LTV without fee
- Five-year fix - 5.79 per cent , 75 per cent LTV with 1.5 per cent fee
- Five-year fix - 6.29 per cent, 85 per cent LTV without fee
