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Accord cuts rates across most LTV bands


Accord Mortgages will cut rates at most loan-to-values from tomorrow (Friday 4 August).

The intermediary-only lender will reduce rates across its 65, 75, 80, 85 and 90 per cent LTV ranges by up to 0.12 per cent.

The changes mean Accord will be selling a five-year fix at 2.12 per cent for both house buyers and remortgage customers at 85 per cent LTV, with a £995 fee.

The lender will also be offering a two-year fixed rate loan at 1.37 per cent at 65 per cent LTV for house purchases. The product has a £995 product fee.

Accord has also introduced a three-year fixed rate loan at 2.29 per cent and 85 per cent LTV for house purchase.

Both mortgages come with £500 cashback on completion and free standard valuation.

Accord national intermediary sales manager David Robinson says: “By making these reductions and launching mortgages, we are increasing the choice brokers can offer their clients.

“As well as the product we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”


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Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


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