Halifax will launch new two-year and five-year first-time buyer and home mover large loans of up to £5m.

The products at 60% loan to value are available from Wednesday (21 April).

It will offer a two-year fixed at 1.17% with a £1,499 fee available between £1m and £5m. The loans are repayment and interest only, and have to be completed by 30 September.

Its five-year fixed product is offered at 1.28% with a £1,499 fee available between £1m and £5m. The loans are repayment and interest only, and also have to be completed by 30 September.

Last week, Halifax launched its 95 per cent LTV deals with help from the government’s Mortgage Guarantee Scheme.

It offers a two-year fixed at 3.73 per cent with a £999 fee or at 4 per cent with no fee.

Alternatively, borrowers can fix for five years at 4 per cent with a £999 fee or at 4.2 per cent with no fee.

The lender adds that borrowers will need an “enhanced credit score” to qualify for the 95% loans.

The lender has just shared details of the rates and says that borrowers will need an “enhanced credit score” to qualify.