Halifax has launched a new product range to support its NewBuy participation.

Halifax has already announced its intention to work with a number of builders through the Newbuy scheme. The lender has now announced the launch of its multi-user cell, meaning that lower volume builders can also participate in the scheme.

The products are available through the Halifax branch network and selected intermediaries. The deals are designed for borrowers with a 5% – 10% deposit purchasing a new-build property from the selected housebuilders.

The deals are a two-year fixed mortgage at 5.99% with a £999 fee and a two-year fixed mortgage at 6.39%, with no product fee.

There is no mortgage account fee (£265) payable on either product.

Stephen Noakes, mortgage director, Halifax said: “As the leading lender in the new-build market