Available for both first time buyers and homemovers customers will be able to apply for the mortgage through intermediaries and in branches from Friday 11 October. The deal comes with a £995 product fee and there will be no dual pricing.
Stephen Noakes, mortgage director, said: “This scheme will help first time buyers and homemovers who can afford a mortgage but until now, have struggled to raise the necessary deposit.
“Through the scheme, these products will make mortgages more accessible – providing a genuine solution for those who have not been able to get on, or move up, the ladder.
"We know that there will be strong demand for these rates, and expect to take applications for these products from Friday.”
Last week, Halifax committed to launching products through both intermediaries and its branch network.
Further product detail will be available in due course.
