The first, The Grand Mortgage, offers a two year fix at 4.69% with a £1,000 cashback. The second, The Open Mortgage, is a flexible tracker starting at 4.85%. The procuration fee for both is 0.6% (£275 min, £2,750 maximum).
Richard Stokes, head of product development, commented: “Compared with last year we have seen a twenty fold increase in the demand for two year fixes without extended tie-in for prime self certification. We are delighted that Grosvenor Home Loans has managed to secure funding from Platform to support this upsurge. We are equally pleased to offer a flexible mortgage, as this type of product has always proved highly popular in the self cert market.“
Guy Batchelor, sales and marketing director at Platform commented: "By working closely with Grosvenor Home Loans we have been able to design these two self-certification products to compliment their existing product range. The £1000 cashback on a 2 year fixed rate is, we believe, unique in the market and we are delighted to offer these products via Grosvenor Home Loans."
