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Clients want to be kept in the loop

Mortgage customers would like to be kept better informed about how their applications are progressing, research from mform.co.uk reveals. Results of a survey into lender service levels show borrowers feel this is the weakest part of the mortgage process. It received a 67.6% satisfaction score, the lowest of 16 services rated in the survey.

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Industry applauds Chilton move

The mortgage industry has welcomed Network Datas decision to appoint Mark Chilton as chief executive of its new lender, Homeowners Mortgages.Chilton will be chief of the new lender, which Richard Griffiths, managing director of Network Data admits will be at arms length from the distributor, and will market its products through not only Network Datas […]

MPLC complete 575m securitisation

Mortgages PLC has completed its latest securitisation deal for a total of 575m.Newgate 2007-1 is Mortgages PLCs 11th securitisation deal, and comprises predominantly AAA rated mortgage assets. To date Mortgages PLC has securitised more than 4.8bn of mortgages.Tim Cooley, chief financial officer of Mortgages PLC, says: This is another successful securitisation for Mortgages PLC and […]

Preferred release one-year fixed

Preferred has released a one-year fixed rate mortgage product.The new product has no extended tie-in, and is available throughout all sub-prime levels with rates from 6.09%. It is available up to 90% LTV.Roger Taylor, director of sales and marketing at Preferred, says: “This new product is a welcome addition to the existing range of very […]

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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