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Whitehotproperty did £73m of deals in March

Whitehotproperty.co.uk, a website specialising in selling chain-free properties, exchanged on sales worth more than £73m in March.

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Drawbridge seeks approval to offer mortgage range

Drawbridge Finance is applying to the Financial Services Authority for permission to offer regulated mortgages. The short-term lender had a soft launch into the market last year but increased its distribution to 35 partners in March. Mark Posniak, head of business development at Drawbridge, says: “Our focus remains our residential investment business and attracting good […]

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Sub-prime repossessions at lowest since 2005

Repossessions in UK sub-prime residential mortgage-backed securities declined to 1.48% of the outstanding balance in February 2010, a level last recorded in August 2005, according to Moody’s Investors Service.

DREW WOTHERSPOON:  WE FOCUS ON QUALITY LINKS

Online searches for mortgages on the up but just 3% are for brokers

Online searches for mortgage terms rose by a third in January, but the phrase ’mortgage broker’ only accounted for 3% of all mortgagerelated searches. Research from technology specialist Greenlight classified 540 of the most popular search terms used by consumers to find providers of savings products, credit and debit cards, mortgages and loans. Some 58% […]

Halifax extends premium pricing for interest only mortgages

On its mainstream introducer range last weekend Halifax extended to fixed rates the policy it introduced a month ago on trackers of charging borrowers an extra 0.2% if they choose an interest only mortgage rather than repayment.

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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