Cambridge bolsters FTB range


Cambridge Building Society has launched a new shared ownership range for first-time buyers and sweetened its criteria.

The new 95 per cent range is:

  • Two-year fixed rate at 3.59 per cent
  • Two-year discount at 3.39 per cent

Both loans are also available at 80 per cent LTV at 2.24 per cent and 2.14 per cent, respectively.

The lender has also launched a five-year fixed rate at 2.49 per cent up to 80 per cent LTV.

All options have a £199 fee.

Lending on up to 95 per cent of the share of the house or flat being purchased will be considered.

There is no requirement to have 100 per cent staircasing within the lease.



Barclays unveils new FTB and homemover deals

Barclays is tomorrow cutting residential rates and launching new products for first-time buyers and homemovers. The lender says it wants this to tie in with the start of the traditional Spring house purchase season. The changes include three new FTB purchase fixed rate loans with high LTVs and no fees. The first is a 1.98 per […]

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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