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Crystal Mortgages makes new appointments

Having received a record amount of new business applications in December 2009 and January 2010, Crystal Mortgages is making two new appointments.

Toby Breeden joins the company as business development manager and is responsible for broadening the client base and promoting the business offering to new brokers. 

Jackie Luscott has been appointed as senior mortgage processor and will be heading up the newly established development funding team.  Between December 2004 to January 2007, she held the title of joint office manager at property surveyors, Thomas Lloyd.

Roger Dewsbery, senior underwriter, at Crystal Mortgages, says: “During the last year we launched a unique near-prime commercial mortgage, sourced a 100% medical product and reintroduced development bridging finance, to name but a few market leading initiatives.

“Given how many major high street banks have been, and still are, reticent to lend, we have been in the wonderful position to assist where many other financial institutions have hindered.  This has ultimately resulted in great application and completion figures throughout the business.

“Over the next year we have three more major developments in the pipeline including a brand new service offering, and Toby, Jackie and the rest of the team will be essential in bringing these to fruition and introducing them seamlessly into the market.”

This latest move follows the August appointment of David Parke as its first head of operations for Crystal Commercial Funding’, the company’s near-prime commercial mortgage division.


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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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