The products – at rates of 2.94% (£999 arrangement fee) and 3.2% (no arrangement fee) – will be available exclusively to TMA members and appointed representatives of the First Complete and Pink networks.

The BTL products can be used for purchases or remortgages and upon completion customers will receive £1,000 cashback, as well as a free standard valuation and fee-assisted legal service.

Both products are available up to 70% LTV across England, Scotland and Wales.

Rob McCoy, senior product and business manager at TMA, said: “In the early part of 2018, we expect to see an increased amount of customer activity in the buy-to-let market.

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“This is due to the volume of product maturities following the 2016 rush to avoid increased stamp duty, as well as landlords receiving HMRC letters following the first trading year under the new tax rules.

James O’Reilly, corporate account manager at Leeds Building Society, added: “The forecasted value of buy-to-let maturities in Q1 2018 is over £5bn.

“During the week of the Bank of England base rate increase, the market saw a 17% jump in buy-to-let applications driven by remortgage activity.

“This was the highest level of application activity we’ve seen since November 2016, when underwriting standards were changed.”