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Dudley Building Society appoints Clever Lending to its panel


Master broker Clever Lending, provider of first and second charge loans and commercial and bridging products, has joined the panel of introducers at Dudley Building Society.

Clever Lending director of sales and development Paul Day says regional building societies like the Dudley “provide a much needed common sense approach to lending and I know our introducers and their clients will benefit from our new partnership.”

Dudley Building Society head of credit Jonathan Moore says: “Clever Lending has impressed us with its professionalism and the progress it has made in establishing itself as a top tier service provider to intermediaries since launching just two years ago.”

The addition brings the number of introducers on the Dudley panel to 16.



Precise Mortgages launches new 3-year fix through Buy to Let Club

Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club. The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV. It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October […]


Most BTL lenders expected to adopt 140% rental covers this year

Most lenders in the buy-to-let market will have moved rental covers from 125 to at least 140 per cent by the end of the year, according to Mortgages for Business managing director David Whittaker. Speaking at the FSE exhibition in London today, Whittaker said that brokers have a “fundamental” role in ensuring their clients are […]

Mortgage Mole

Mortgage Mole: Comic relief

Intrepid Mole digging up the stories behind the news Comic relief Your subterranean sleuth was rather entertained by a cartoon that has been doing the rounds recently. The artwork riffs off the popular Halifax ‘Top Cat’ adverts to take a good-natured pop at surveyors and underwriters not properly interrogating cases. This is, of course, a […]

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.

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.


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