Director says it's having 'knock-on effect' on house buying process
There is currently 'significant demand' facing mortgage lenders on the Isle of Man.
That's according to one senior figure in the industry, who also believes changes to the system are required, particularly for first-time buyers.
Paul Chase is the Managing Director of Financial Options and Chase Wealth Solutions.
He adds the pressures facing lenders are also affecting other areas of the house purchasing process:
Amber weather warning issued as strong winds and coastal conditions expected overnight
Hospice funding criticised by UK charity chief amid Isle of Man service cuts
Sailings cancelled as storm brings gale-force winds
Manx Mountain Marathon route diverted over safety concerns amid forecast strong winds