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Abbey launches fix and tracker

Abbey has launched a 10-year fixed rate and a 4.99% tracker. Its no-upfront fee deals include a two-year fix at 5.59% and a remortgage deal fixed at 5.64%. Its £999 upfront fee two-year deal is fixed at 4.99%, while its 10-year fixed rate is 5.34%.

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Unity launches BTL portfolio

Unity Homeloans has launched a prime buy-to-let portfolio. The range allows up to 20 properties per client and total borrowing of 2m.Furthermore, first-time buyers with 20,000 provable income can enter the property market, with two-year fixed rate offerings, no extended tie ins and no higher lending charge. The rate on this range starts from 5.75%, […]

Big lenders must lead the green way

If a big high street lender enters the market with a green mortgage, it will encourage others to get on board and the rates of these products will come down, says Mark Harris

Mosaic adds c2 to panel

Mosaic Mortgage Club has appointed c2-Financial as its exclusive packager following a comprehensive assessment of applications.

eMoneyfacts and MTE join forces

eMoneyfacts is in the final stages of upgrading its broker sourcing system with the Mortgage Trading Exchange – and is due to go live in May. The intermediary arm of Moneyfacts recently surveyed 8,000 brokers who use the mortgage sourcing functionality on eMoneyfacts.co.uk. It found a high proportion of respondents felt it needed to integrate […]

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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