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Prestige launches consumer BTL deals and trims rates

arrow down houses graphPrestige Finance the second charge mortgage arm of OneSavings Bank has reduced rates across its residential range and introduced new consumer buy-to-let deals.

In the prime and large loan range, new rates start from 4.15 per cent at 65 per cent LTV.

In the buy-to-let range, new rates start from 5.49 per cent at 60 per cent LTV.

OneSavings Bank head of sales for second charge and commercial lending Darrell Walker says: “Whether simplifying or expanding our range to meet the needs of brokers and their customers, we’re always looking for ways to enhance Prestige’s offering.

“These rate cuts are a testament to that commitment and the simplification to a single pricing option will also make things more straightforward for brokers.

“Consumer buy-to-let makes up a growing element of the second charge loan market, and we know it’s something brokers have been keen for Prestige to provide.”


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Housing minister accused of ‘headline grabbing’ with comments on disinheriting

The housing minister’s comments suggesting that parents should disinherit their offspring and leave their assets to their grandchildren has been branded “political headline grabbing” and a diversion from the heart of the housing crisis: supply. According to the Telegraph, Gavin Barwell told a fringe event at the Conservative Party conference that pensioners should consider leaving […]


Passing your examination the easy way

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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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Guide: how to… certify your pension scheme

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