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Accord Mortgages withdraws three products

Accord Mortgages has announced that it will soon be withdrawing three products from its residential range.

From 8pm on 3 October, intermediaries will no longer be offered the two-year fixed remortgage at 1.74 per cent, the five-year fixed remortgage at 2.01 per cent, and the 10-year fixed purchase and remortgage product at 2.49 per cent.

Accord recently announced a major move into the Help to Buy market with the intention of earning a reputation as “a new-build lender, not just a lender that does new-build.”

An Accord Mortgages spokesperson said: “We continually review our products to ensure they meet the needs of brokers and their customers at the same time as maintaining our long term financial sustainability. We will continue to have an extensive range of mortgages including options very similar to the products being withdrawn.

“We always give brokers at least 24 hours’ notice of product withdrawals and in-keeping with that pledge we are receiving applications until 8pm on Wednesday.”

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Apple: a stellar technology story

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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.

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