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In the News - First Direct

First Direct re-opens for mortgage business

Seven weeks after First Direct stopped accepting new mortgages, as reported 'In the News' 02 April, the mortgage provider has re-opened for business. First Direct (a subsidiary of HSBC) closed because its competitive rates lead to unprecedented demand and a backlog of applications which the provider could not process. Those applications have now been processed, leading to the decision to take on new business. New First Direct applicants will need a minimum 20% deposit.

(Sources: Independent.co.uk)

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20-May-2008 08:55:01

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