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:
Isle of Man falls silent on Remembrance Sunday
MHK urges inclusion of 'commencement clause' in bill removing Bishop's vote
Drug dealer found with cocaine worth £13k jailed
Glamping plan submitted for Ramsey Rugby Club during TT