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%.
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%, […]
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 Mortgage Club has appointed c2-Financial as its exclusive packager following a comprehensive assessment of applications.
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 […]
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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