Available from today, the mortgage product has a rate of 6.24% and a maximum LTV of 85%. It will stay at 0.49% +above Base Rate until 28 February 2010 and includes a 1.5% arrangement fee and an ERC of 6% until 28 February 2009 and 5% to 28 February 2010.
The new product is offered in addition to existing exclusive mortgage products funded by TMB.
John Mawdsley, spokesman for AMPD said: “Today’s announcement shows that AMPD continues to offer some of the most attractive deals in the market. Our exclusive product offering is set to improve even further still as we are looking to recruit a new product manager dedicated specifically to this area of the business. “
