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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 We will continue to have an extensive range of mortgages including options very similar to the products being withdrawn.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.”


Accord hires regional sales manager from the Coventry

Accord Mortgages has recruited a new regional sales manager, who joins from Coventry Building Society. Claire Chick (pictured) has today, 1 October joined the intermediary arm of Yorkshire Building Society. She has worked in financial services for more than 25 years, including the past four as intermediary business development team manager at the Coventry. Prior to […]

Accord Mortgages announces major move into Help to Buy market

Intermediary-only lender Accord has announced that it is moving into the new-build and Help to Buy market with a suite of dedicated mortgage products alongside the formation of a new specialist support team. The company hopes that this move will forge Accord’s reputation as being “a new-build lender, not just a lender that does new-build,” […]

Accord shakes up BTL range

Accord Buy To Let has announced cuts of up to 0.25 per cent across its mortgage range that will take effect from 18:00 today. Changes include the 75 per cent LTV five-year purchase or remortgage products being cut from 3.19 per cent to 2.94 per cent. Both have a £195 fee and come with free […]

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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