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Most Britons want fixed rate mortgages

Most Britons would prefer a fixed rate mortgage, says research by Fairinvestment.co.uk.

The survey finds that 57 per cent of the people considering a mortgage would choose a fixed rate over any other type of mortgage product.

It also says that 30 per cent of total respondents said they would choose a short term fixed rate with 27 per cent preferring a longer-term deal.

Of the 129 respondents, interviewed in the last week, 23 per cent said they would favour a tracker mortgage, 9 per cent a discounted mortgage and 8 per cent a variable rate deal.

Fairinvestment.co.uk director James Caldwell says: “A fixed rate deal allows homeowners the security of knowing what their monthly repayments will be and therefore to budget accordingly, safe in the knowledge that they are protected from any rises in the Bank of England base rate.

“The public are obviously wary of exposing themselves to the economy at large and are acting accordingly, with a high proportion of people opting for fixed rate mortgage deals.”

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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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