Mortgage News

Finance Direct concentrates on brokerage

Monday 11th of April 2011

NZF announced the sale of its 70% stake in Finance Direct to its managing director Wayne Croad at the end of March, who owned the other 30%, but didn't say at what price.

Croad, who says: "I felt elated. It's a really good feeling" to gain full ownership of the company, says the terms of the sale are confidential.

NZF bought 51% of Finance Direct in April 2007, paying $1.425 milli...

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