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Tesco Bank cuts rates on fixed rate loans


Tesco Bank is cutting rates on its fixed rate house purchase loans.

The lender is cutting rates on its two-year loans to start from 2.49 per cent at 90 per cent LTV with no fee.

Tesco’s three-year fixes now start from 1.99 per cent at 80 per cent LTV with a £995 fee.

Tesco is also selling a three-year fix at 2.34 per cent at 80 per cent LTV with no fee.

Meanwhile the lender’s five-year mortgages now start at 2.28 per cent at 80 per cent with a £995 fee.

Tesco Bank managing director David McCreadie says: “At Tesco Bank, we want to make it easier for customers to buy or remortgage their home, and our new mortgage rates help to make it more affordable for customers as they take their next steps on the property ladder.”

Tesco Bank mortgage customers collect Clubcard points as they repay their mortgage.





Tesco Bank adds new fixed rates to mortgage range

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Tesco Bank doubles mortgage offer period to six months

Tesco Bank is doubling its validity period for formal mortgage offers from three months to six months. The move follows a decision from the lender to scrap all booking fees from its mortgage range. Tesco Bank also recently lowered the rates on its 95 per cent LTV fixed-rate products and made its 95 per cent […]


Tesco Bank to lend through brokers to 95% LTV

Tesco Bank will soon lend to brokers at 95 per cent LTV. The 95 per cent LTV products include a two-year fixed loan at an initial 3.74 per cent with no fee and a five-year fixed at 4.29 per cent, also with no fee. A Tesco statement says the new range will launch at 8am […]

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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